CashPro is Bank of America's digital banking platform accessed by 550,000 users at 40,000 companies around the world to manage and monitor their payments, deposits, loans, and trade finance transactions. The CashPro App is integral to this platform, and the No. 1 ranked mobile app for corporate and commercial banking."This volume of payment approvals via our CashPro App reflects a shift in client behavior and digital banking expectations over the last few years," explained Jennifer Sanctis, head of CashPro ...

CHARLOTTE, N.C., July 24, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, up $0.02 from the prior quarter. The dividend is payable on September 27, 2024 to shareholders of record as of September 6, 2024.The Board also authorized a new $25 billion common stock repurchase program, effective August 1, 2024, to replace the company's current program, which will expire on that dat ...

As the workplace continues to rapidly evolve and new career opportunities develop, Bank of America recognized early on the need to prepare a diverse pipeline of young adults for success in the modern workforce. Over the program's 20 years, the bank has placed 4,500 students across nearly 100 communities into paid internships at more than 500 local nonprofits – representing a $42 million investment into youth workforce development.Many of these student interns continued to make an impact long after their int ...

文章核心观点 - 动量投资策略是关注股票近期的涨跌趋势,买入上涨的股票,希望能继续上涨并获利 [1] - 动量投资策略的关键是及时捕捉股票价格的趋势,一旦股票确立了方向,很可能会继续沿着这个方向运行 [1] - 动量投资策略的关键指标包括股价变动和盈利预测修正,这些都是动量评分的重要组成部分 [3][10] 公司表现分析 - 美国银行(BAC)目前动量评分为B,这表明其具有较强的动量特征 [3] - 过去一周,BAC股价上涨3.15%,优于同行业平均水平4.12% [7] - 过去一个季度,BAC股价上涨12.65%,优于标普500指数11.39% [8] - 过去一年,BAC股价上涨29.56%,优于标普500指数24.26% [8] - 过去2个月,BAC的盈利预测有5次上调,2次下调,预测值从3.23美元上调至3.24美元 [11] - 未来一年,BAC的盈利预测有7次上调,2次下调 [11]

ProArtWork Introduction The prospect of interest rate declines later this year has left income investors searching for yield. Among big banks, there are several preferred shares that are offering competitive yields. Bank of America, one of the country’s largest banks, offers 13 different preferred shares, with yields of up to 7%. In the past, I’ve encouraged investors to reach for yield, even with Bank of America when they offered a 6.55% coupon bond. Unfortunately, the higher yield is not always better ...

文章核心观点 - 银行股刚刚开启了新一轮的财报季,为其他行业巨头公布季度业绩铺平了道路 [1] - 银行股中的三大巨头Bank of America、Citigroup和Fifth Third Bancorp的最新表现 [1] 行业总结 - Bank of America股价下跌1.4%,报收于42.33美元,此前伯克希尔哈撒韦公司抛售了3390万股该股票,获得约15亿美元收益 [2] - Citigroup股价下跌1.1%,报收于64.46美元,此前该股在7月17日触及两年新高67.81美元 [3] - Fifth Third Bancorp股价下跌0.8%,报收于40.68美元,尽管该股年初至今上涨43.4%,但在7月18日触及两年新高41.41美元后有所回落 [4] 公司总结 - Bank of America股价自7月17日两年新高44.44美元回落,但仍得到20日均线的支撑,并在过去9个月内上涨65.9% [2] - Citigroup股价在7月17日触及两年新高后有所回落,但64美元附近的支撑位和20日均线仍在支撑该股 [3] - Fifth Third Bancorp股价在7月18日触及两年新高41.41美元后有所回落,但40美元附近形成了新的支撑位 [4]

Key TakeawaysWarren Buffett's Berkshire Hathaway reduced its stake in Bank of America by 33.9 million shares over a three-day period last week.The selloff reduced the company's holdings by about $1.5 billion, although it continues to have nearly 1 billion shares of the bank in its portfolio.Berkshire continues to own almost a 13% stake in Bank of America. Bank of America (BAC) shares fell in intraday trading Monday after Warren Buffett’s Berkshire Hathaway (BRK.A) cut its stake in the bank by $1.5 billion. ...

In what can be considered a surprise move, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has significantly reduced its stake in a stock it has rarely touched in recent years.According to regulatory filings, the conglomerate sold 33.9 million shares of Bank of America (NYSE: BAC) over three days for nearly $1.5 billion at an average price of $43.56 per share. Berkshire Hathaway SEC filing for BAC stock sale. Source: SECDespite this substantial sale, Bank of America remains Berkshire Hathaway’s second-lar ...

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.Warren Buffett's conglomerate sold 33.9 million shares of Bank of America shares for almost $1.5 billion in separate sales on Wednesday, Thursday, and Friday at an average selling price of $43.56, a regulatory filing showed ...

ProArtWorkLast week we saw better-than-expected results from banks including Bank of America Corporation (NYSE:BAC) which, besides beating profit estimates, is forecasting growth in its net interest income, despite projecting that the central bank would lower interest rates three times in 2024. I think that Bank of America continues to make a robust value proposition here, particularly because of its net interest income forecast, and the U.S. economy is also doing quite well right now, with receding inf ...