Profile
Sector:
Financial ServicesIndustry:
Banks - DiversifiedCountry:
United StatesIPO:
21 February 1973Website:
http://www.bankofamerica.comNext earnings report:
16 January 2025Last dividends:
06 September 2024Next dividends:
06 December 2024Price
pre-market | 21 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
BAC Latest News
Renowned value investor Warren Buffett has made significant changes to his portfolio in 2024. Notably, the Oracle of Omaha has slashed his holdings in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC).
Bank of America might request a court to settle the investigation by the Consumer Financial Protection Bureau (CFPB) regarding how the bank handles payments via the Zelle network. In a filing with the Securities and Exchange Commission (SEC) on Tuesday (Oct. 29), the bank mentioned that it has been cooperating with the CFPB's inquiry.
The Oracle of Omaha has sold over 266 million shares of Bank of America to invest in another top company in the financial industry.
The brilliance of the Oracle of Omaha lies in a mix of straightforwardness and patience.
CEO Brian Moynihan appears to be taking little action.
Even though Nvidia (NASDAQ: NVDA) shares reached a new all-time high earlier this week, Bank of America (NYSE: BAC) Semiconductor Analyst Vivek Arya believes that the semiconductor leader is still 'undervalued' when compared to other companies in the industry.
The company has a patent collection of almost 1,100 patents related to AI and machine learning. Bank of America, located in Charlotte, N.C., London, and Hong Kong, is committed to using advanced technology to effectively serve its clients and staff.
Bank of America's preferred shares provide appealing fixed dividend yields, particularly BAC.PB and BAC.PK, even with some difficulties in loan performance and Warren Buffett selling his common shares. The bank continues to have strong net interest income, as loans are bringing in more interest, although they are facing higher interest costs. Additionally, Bank of America's loan growth is better than the overall commercial banking sector, and they have kept a low loan to deposit ratio since the pandemic began.
We are starting a series that looks into Warren Buffett's company, Berkshire Hathaway.
On Monday, Bank of America announced that it is extending its guaranteed exchange rates for up to one year, which is the longest period available in the industry. This move aims to lower the risks associated with cross-currency transactions as the volume of these transactions increases.
What type of business is Bank of America?
Bank of America Corporation is the largest American financial holding with assets of 2.4 trillion US dollars (as of the end of 2018). Founded in 1874 with headquarters in Charlotte, North Carolina. Through its banking and various non-banking subsidiaries located in the United States and international markets, it provides a diverse range of banking and non-banking financial services in the following segments: consumer banking services, global asset and investment management, global banking operations, and more. Bank of America serves clients in the United States and in more than 35 countries (Europe, the Middle East, and Africa). It is a global leader in corporate and investment banking and trading across a wide range of asset classes, serving corporations, governments, institutions, and individuals worldwide.
What sector is Bank of America in?
Bank of America is in the Financial Services sector
What industry is Bank of America in?
Bank of America is in the Banks - Diversified industry
What country is Bank of America from?
Bank of America is headquartered in United States
When did Bank of America go public?
Bank of America initial public offering (IPO) was on 21 February 1973
What is Bank of America website?
https://www.bankofamerica.com
Is Bank of America in the S&P 500?
Yes, Bank of America is included in the S&P 500 index
Is Bank of America in the NASDAQ 100?
No, Bank of America is not included in the NASDAQ 100 index
Is Bank of America in the Dow Jones?
No, Bank of America is not included in the Dow Jones index
When was Bank of America the previous earnings report?
No data
When does Bank of America earnings report?
The next expected earnings date for Bank of America is 16 January 2025