Warren Buffett's Berkshire Hathaway Inc BRK BRK has been steadily trimming its stake in Bank of America Corp BAC, selling off $7.2 billion worth of shares since mid-July.Warren Buffet Has Been Trimming Stake In BACFollowing the sale of 5.8 million shares for $228.7 million at an average price of $39.45 on Friday, Monday and Tuesday, Berkshire Hathaway's stake in Bank of America has decreased to approximately 11% of the company's total shares. Despite this reduction, Berkshire remains BAC's largest sharehold ...

Traders and investors know that every news event or new piece of information can spark an idea or create an opportunity to profit in this game. Today, as the S&P 500 deals with uncertainty about Federal Reserve rate cuts and election uncertainty, price action seems to be the most important indicator for participants, something investors need to watch closely.One of the known leading industries in the market is the financial sector, particularly the biggest banking stocks covering both the corporate and busi ...

After already selling billions in Bank of America (NYSE: BAC) shares, Warren Buffett, the popular investor and CEO of Berkshire Hathaway (NYSE: BRK.A), has continued to offload the banking behemoth’s stocks, dumping nearly 6 million additional BAC shares in recent days.Specifically, Buttffett’s Berkshire Hathaway sold about 5.8 million Bank of America stocks, worth $228.65 million, between September 6 and September 10, at average prices ranging from $39.30 to $39.67 per share, according to a regulatory fili ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:Estimates for 2024 Q3 have come down since the start of the period, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of the year's first two quarters. This negative shift in the revisions trend reverses the prior ...

Key TakeawaysWarren Buffett's Berkshire Hathaway sold off more shares of Bank of America, according to a regulatory filing.This latest sales on Friday, Monday, and Tuesday totaled 5.8 million shares valued at about $228.7 million.Bank of America Chief Executive Officer (CEO) Brian Moynihan called Buffett "a great shareholder." Bank of America (BofA) (BAC) shares lost ground Wednesday after news that Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) again reduced its stake in the bank.  In a regulatory fili ...

The Federal Reserve Board’s vice-chair of supervision, Michael Barr, on Tuesday, outlined proposed Basel regulations which, if approved, would roughly halve the additional capital that big banks would need to maintain to safeguard them in the event of financial crisis. The new plan requires banks to hold 9% of additional capital instead of 19% proposed in the initial plan.Barr announced that regulators would resubmit diluted drafts of the global banks' capital regulation and the so-called Basel Endgame rule ...

In this articleBACWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBCWarren Buffett's Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11%.The Omaha-based conglomerate shed a total of 5.8 million BofA shares in separate sales on Friday, Monday and Tuesday for almost $228.7 million at an average selling price of $39.45 per share, ac ...

会议主要讨论的核心内容 1) 消费者端: - 消费者支出在2023年初呈现双位数增长,后逐步放缓至3-4%的水平,保持相对稳定 [5][6][7] - 消费者存款余额在低收入群体中呈现小幅增长,高收入群体有所下降 [8] - 就业情况相对稳定,尽管失业率有所上升 [7] 2) 企业端: - 中小企业和中型企业贷款需求有所放缓,使用贷款额度较疫情前有所下降 [10][11] - 企业投资和扩张意愿有所减弱,观望态度增强 [11] - 整体信贷质量保持良好 [10][44] 3) 业务表现: - 财富管理业务受益于市场水平维持较高,收入表现良好 [40] - 投行业务受交易结构变化影响,收入有所下滑,但交易销售业务保持增长 [41][42] - 存贷款业务净息差有望在三季度触底,四季度开始回升 [36][37][38] - 信贷减值准备维持在较低水平 [44] 4) 战略发展: - 公司在消费者银行、财富管理等核心业务保持领先地位,仍有较大的增长空间 [16][17][19] - 国际业务方面,公司持续完善全球布局,在商业银行、投行等领域保持良好发展 [21][22] - 公司高度重视数字化转型和技术创新,持续加大相关投入 [54][55][56][57][58] 问答环节重要的提问和回答 1) 对于资本监管要求的变化,公司表示: - 原先预期资本要求提高20%,现在调整为10%左右,公司有足够资本应对 [60][61][62][63][64][65] - 公司认为资本要求的调整存在一定的合理性问题,将与监管部门进一步沟通 [62][63][64][65] 2) 对于大股东伯克希尔哈撒韦减持公司股票,公司表示: - 伯克希尔哈撒韦是公司长期优质股东,此次减持不会对公司产生重大影响 [67][68] - 公司无法对大股东的交易行为进行评论,但会继续保持良好的互利合作关系 [67]

Key TakeawaysBank of America increased its U.S. minimum wage to $24 per hour.The bank has gradually increased its minimum pay since 2017, and plans to reach $25 by 2025.The U.S. Bureau of Labor Statistics expects bank teller employment to decline over the next several years. Bank of America (BAC) has raised its minimum wage to $24 an hour in the U.S., they announced Tuesday. The increase also applies to salaried positions, bringing the minimum annualized salary for the bank’s full-time U.S. employees to nea ...

Bank stocks are in focus today, after Federal Reserve Vice Chairman for Supervision Michael Barr announced a revised draft of the Basel rule, also known as "Basel Endgame." The regulation establishes how banks with more than $100 billion in assets must calculate the amount of capital they need to set aside to cover any losses. Barr also noted there will be another capital rule for global banks.JPMorgan Chase & Co (NYSE:JPM) and Bank of America Corp (NYSE:BAC) shares are gapping lower today, with the former ...