NYSE - Delayed Quote • USD Bank of America Corporation (BAC-PE) Follow Compare 24.64 +0.03 (+0.14%) At close: October 14 at 1:25 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Goldman profits surge 45% as dealmaking stages comeback Goldman Sachs third-quarter profits rose 45% from a year ago as a rise in dealmaking lifted the Wall Street giant. China stimulus, Boeing layoffs, new Nike CEO: 3 Things US stock futures (ES=F, NQ=F, YM=F) are paying extra close attention to China's economic stimulus plan while companies like Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Netflix (NFLX) are due to report earnings. Boeing (BA) shares dip further in Monday's pre-market session after the aircraft manufacturer announced last Friday that it will cut 17,000 jobs, equal to 10% of its global workforce. The International Association of Machinists and Aerospace Workers' (IAM) ongoing strike has gone on for over a month. Former Nike (NKE) executive Elliott Hill will assume the mantle of CEO and president for the athletic apparel brand on Monday. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Bank of America Reports Third Quarter 2024 Financial Results Bank of America reported its third quarter 2024 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings. Bank of America Joins Rivals in Topping Q3 Estimates Bank of America reported third-quarter results above analysts' estimates Tuesday morning, as revenue rose year-over-year and profit fell by a smaller amount than expected. Bank of America: Q3 Earnings Snapshot CHARLOTTE, N.C. (AP) — Bank of America Corp. BAC) on Tuesday reported third-quarter profit of $6.9 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 81 cents per share. BofA profit beats estimates on investment banking, trading strength Bank of America's third-quarter profit dropped as it paid more to customers to hold onto their deposits, although its results beat estimates, driven by strong activity in investment banking and trading. BofA's investment banking fees jumped 18% to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months as improving confidence spurred clients to issue debt and equity. CEO Brian Moynihan called the earnings "solid," citing growth in investment banking, asset management fees, and sales and trading revenue. Trending tickers: Nvidia, LVMH, Goldman Sachs, Trump Media and Coinbase The latest investor updates on stocks that are trending on Tuesday. Bank of America (NYSE:BAC) shareholders notch a 60% return over 1 year, yet earnings have been shrinking If you want to compound wealth in the stock market, you can do so by buying an index fund. But if you pick the right... Bank of America Folds Fintech Investment Banking Team Into Tech (Bloomberg) -- Bank of America Corp. has folded its fintech investment banking team into its technology practice, reflecting the industrywide shift in financial services toward software.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Old Boogeyman Returns: BrusselizationThe Cablebus Transformed Commutes in Mexico City’s Populous Outs US and European stocks rise with earnings in focus A deep dive into what moved markets across the global economy. Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Legend Dumps $9.6 Billion of Key Holding While Buying $345 Million of His Favorite Stock. The billionaire investor is making some curious moves. Berkshire Hathaway: Buy, Sell, or Hold? The company's stock holdings have shifted -- in some cases rather dramatically. Netflix earnings, retail rales data, Fedspeak: What to watch As the week concludes, hosts Julie Hyman and Josh Lipton preview key events investors should monitor in the coming week. Columbus Day will be observed on Monday, when the bond market (^TYX, ^TNX, ^FVX) will be closed while the stock market remains open. The third quarter earnings season continues in full force, with Big Banks such as Morgan Stanley (MS), Citigroup (C), and Bank of America (BAC) scheduled to report. Industry giants including Netflix (NFLX), Johnson & Johnson (JNJ), UnitedHealth (UNH), and ASML Holding (ASML) will also unveil quarterly results. Thursday brings the release of September retail sales data, offering fresh insights into consumer behavior. Economists anticipate a 0.3% reading, an increase from August's 0.1%. The housing market will be in focus next Friday with the release of Homebuilder Confidence and Housing Starts & Building Permits data. Investors can expect more commentary from Federal Reserve officials, with Fed Governor Christopher Waller and Fed Governor Adriana Kugler slated to speak. Their remarks should provide additional insights into the central bank's monetary policy outlook. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith Buffett Cuts Bank of America Stake Below 10%, Letting Him Trade in Secret (Bloomberg) -- Warren Buffett can take his time to reveal trades in Bank of America Corp. stock now that his conglomerate’s stake has been trimmed below a 10% regulatory threshold requiring rapid disclosure.Most Read from BloombergThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: BrusselizationChicago Marathon to Honor Kenyan Who Died After His World RecordSan Franci Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs Earnings preview of key companies reporting next week and what to look out for. Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning. Berkshire Hathaway's Bank of America Stock Holding Falls Below 10% Observers of Warren Buffett's Berkshire Hathaway have grown used to a drumbeat of filings saying the company had sold shares of Bank of America. Trades made public late Thursday brought Berkshire's stake in Bank of America below the 10% threshold that triggers a requirement for frequent reporting. After the newly disclosed sales, the Omaha, Neb., company owns exactly 775 million Bank of America shares—a nice, round number that corresponds to 9.99% of the bank's outstanding shares, according to Dow Jones Market Data. Berkshire Hathaway trims Bank of America stake below 10% Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has further cut its stake in Bank of America (BAC) to below 10%. Berkshire has unloaded a total of 257 million shares over the past 13 weeks. Morning Brief Hosts Seana Smith and Brad Smith report more on the move and discuss some of the reasons influencing the decision. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl Buffett Dumps More Bank of America Stock, No Longer Has To Report Moves Promptly Warren Buffett's Berkshire Hathaway sold off more of its stake in Bank of America, and no longer will have to report that information in a timely manner. How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings Bank of America Corporation (NYSE:BAC) currently offers an annual dividend yield of 2.6%. That’s a quarterly dividend amount of 26 cents per share ($1.04 a year). To earn $500 monthly from the Charlotte, North Carolina-based firm, start with a yearly target of $6,000 ($500 x 12 months). Next, we take this amount and divide it by Bank of America's $1.04 dividend: $6,000 / $1.04 = 5,769 shares So, an investor would need to own approximately $230,587 worth of Bank of America, or 5,769 shares to gen Performance Overview Trailing total returns as of 10/14/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return BAC-PE S&P 500 YTD +12.93% +22.85% 1-Year +30.97% +35.40% 3-Year +15.72% +34.28%