The latest trading session saw Bank of America (BAC) ending at $39.62, denoting a +0.18% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.29% for the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.31%.Heading into today, shares of the nation's second-largest bank had gained 2.22% over the past month, lagging the Finance sector's gain of 2.97% and outpacing the S&P 500's gain of 1.57% in that time.The upcoming earnings release of ...

CHARLOTTE, N.C., Sept. 18, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:Series of Preferred Stock Dividend per Shareor Depositary Share1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.125 October 1 October 30 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z $32.500 October 1 ...

CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 25, 2024, all $2,000,000,000 principal amount outstanding of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 06051GJG5) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 25, 2024.  Interest on the Notes will cease to accrue on the redem ...

CBS and Paramount+ to Expand Weekend CoverageAUGUSTA, Ga., Sept. 17, 2024 /PRNewswire/ -- Fred Ridley, Chairman of Augusta National Golf Club and the Masters Tournament, announced today that Bank of America will become a Champion Partner of the Masters Tournament, beginning with the 2025 Masters Tournament. Additionally, the Chairman has announced that CBS Sports will expand coverage hours of the Tournament on Saturday and Sunday also beginning in 2025.Bank of America will join AT&T, IBM and Mercedes-Benz, ...

Renowned investor Warren Buffett, known for his long-term stock picks and strategic patience, is on a selling spree. Over the last couple of months, his company, Berkshire Hathaway (NYSE: BRK.A), has unloaded a significant chunk of Bank of America (NYSE: BAC) stock. And it wasn’t just a small adjustment. Since mid-July, Buffett has sold a staggering $7.2 billion worth of BAC stock, reducing Berkshire’s position by 174.7 million shares. In just three trading days last week, Berkshire sold an additional 5.8 m ...

CHARLOTTE, N.C., Sept. 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 1, 2024. Interest on the Notes will cease to accrue on the redemption dat ...

Over the past two months, Buffett-led Berkshire Hathaway has dumped more than $7.2 billion of Bank of America stock.Warren Buffett's company Berkshire Hathaway has built one of the largest and most successful stock portfolios in the world. It's now worth more than $300 billion. It's a great endorsement to be in Berkshire's portfolio. But it can also attract some unwanted attention if Buffett and Berkshire start to sell a stock.That's the position Bank of America (BAC -0.34%) has found itself in after the co ...

Warren Buffett has sold some of Berkshire's stake, but still owns more than 11% of the bank.Bank of America (BAC -0.34%) is the third-largest stock position in Berkshire Hathaway's (BRK.A -0.54%) (BRK.B -0.72%) portfolio, even after the conglomerate sold some of its position in recent months. In this video, two Fool.com contributors discuss Bank of America's business and whether it's a good buy right now.*Stock prices used were the morning prices of Sept. 12, 2024. The video was published on Sept. 13, 2024. ...

The Oracle of Omaha has sent nearly $7.2 billion worth of his favorite bank stock to the chopping block over the last eight weeks.Few investors have the ability to command the attention of Wall Street professionals and everyday investors quite like Berkshire Hathaway (BRK.A -0.54%) (BRK.B -0.72%) CEO Warren Buffett. The reason is simple: He's crushed Wall Street's benchmark indexes over a span of nearly six decades.Since taking the reins in the mid 1960s, the Oracle of Omaha has overseen a cumulative return ...

Lux Blue Investment Thesis When building investment portfolios from scratch, achieving an attractive Total Return is crucial. High dividend yield companies play a key role within your portfolio, since they ensure you start your investment journey with an attractive Weighted Average Dividend Yield, allowing you to receive an attractive number of dividends. Receiving dividend payments means you do not need to sell positions of your portfolio to financially benefit. At the same time, it can allow you to co ...