Bank of AmericaNYSE: BAC

Its stake is getting closer to the 10% reporting threshold.

Just 47% of college students believe they are ready for financial challenges in the "real world." On September 26, 2024, Bank of America revealed a new way for parents to assist their kids as they start managing their finances.

Warren Buffett's Berkshire Hathaway has decreased its investment in Bank of America Corp (NYSE:BAC) by selling 21.6 million shares for about $862 million, which brings its ownership down to 10.5%. The shares were sold over the past three trading days at an average price of around $40 each, according to a recent SEC filing.

Bank of America (BAC) finished the latest trading session at $39.45, which represents a decrease of 1.05% compared to the previous day's closing price.

While many Americans prefer online banking for their banking needs, Bank of America is still planning to open many new physical branches by the end of 2026. This shows that the bank values both online and in-person services.

By the end of 2026, Bank of America plans to open over 165 new branches. This strategy is part of the company's goal to take advantage of cross-selling opportunities.

When interest rates are lowered, investors often believe that most stocks will benefit, but this isn't always true. Certain sectors, like consumer discretionary and energy, may see positive effects because consumer and business activities usually increase after rate cuts.

Brian Moynihan, the CEO of Bank of America, appears on CNBC's 'Power Lunch' to share his thoughts on the Federal Reserve's choice to lower interest rates by 50 basis points. He also discusses whether he believes inflation should remain a top priority for the central bank and other related topics.

Bank of America (BofA) intends to launch many new branches in the next two years. This year alone, they are set to open almost 40 of them, as reported on Monday (September).