Despite two years of higher-than-normal inflation and rising interest rates, U.S. consumer spending has remained remarkably resilient. That resilience has helped keep the economy from sliding into recession, despite the pessimistic forecasts that it would. Because it's one of the largest banks in the ...
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The market's response to Bank of America's (NYSE: BAC) first-quarter results was decidedly bearish -- and understandably so. Net interest income was down, while charge-offs on soured loans were up. The numbers confirmed investors' worst fears. Although they've bounced back a bit in the meantime, from ...
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It's been 59 years since Warren Buffett acquired Berkshire Hathaway for $14.86 per share. The holding company's A-class stock, which has never split, has been trading for more than $598,000 per share. Warren Buffett is widely considered one of the greatest investors of all time because Berkshire's stock ...
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Image source: The Motley Fool. Bank of America (NYSE: BAC) Q1 2024 Earnings Call Apr 16, 2024, 8:30 a.m. ET Operator Continue reading
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Bank of America (NYSE: BAC) beat on the top and bottom lines, but investors are more focused on elevated expenses and charge-offs of bad loans that exceeded expectations. Shares are trading off slightly, down about 3% as of 12:30 p.m. ET. Bank of America earned $0.83 per share in the first quarter on ...
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Bank of America (NYSE: BAC) reported its first quarter 2024 earnings results today. Total revenue decreased 2% year-over-year to $25.8 billion. Net income was $6.7 billion, or $0.76 per share, compared to $8.2 billion, or $0.94 per share, last year. Adjusted EPS was $0.83. Revenue and earnings beat expectations. ...
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Berkshire Hathaway owns dozens of stocks in its public equities portfolio. Behind Apple, the top holding by a mile, the conglomerate has a huge position in Bank of America (NYSE: BAC). The financial services giant represents over 10% of the portfolio, valued at $37 billion. So should you buy this top ...
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A slew of major banks will report their earnings results for the first quarter of 2024 by the end of this week and over the next. JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), and Citigroup Inc. (NYSE: C) are scheduled to report their financial results on Friday, April 12, before ...
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As April gets underway, Bank of America (NYSE: BAC) stock trades around $37.50 per share, quite close to its 52-week high. Although some analysts can get jittery when a stock approaches a near-term peak, one of Bank of America's fellow lending giants doesn't appear to be. In fact, it recently raised ...
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Buying dividend stocks isn't exactly rocket science, but you do have to stop yourself from getting tempted into risky investments. In other words, you need to weigh the yield you are collecting against the potential for a dividend cut. Bank of America (NYSE: BAC) and Realty Income (NYSE: O) are two out-of-favor ...
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In this video, Motley Fool contributor Jason Hall dives into Bank of America (NYSE: BAC) and SoFi Technologies (NASDAQ: SOFI). *Stock prices used were from the afternoon of March 19, 2024. The video was published on March 21, 2024. Continue reading
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In this video, Motley Fool contributor Jason Hall shares a stunning fact about Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) stock portfolio. There are three clear lessons investors can take from this. Discussion includes Apple (NASDAQ: AAPL), Coca-Cola (NYSE: KO), American Express (NYSE: AXP), Kraft-Heinz ...
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