Key TakeawaysWarren Buffett's Berkshire Hathaway sold off more of its stake in Bank of America, and no longer will have to report that information in a timely manner.Berkshire sold 9.5 million shares over three days at an average price of around $40.Buffett began shedding Bank of America stock in mid-July. Warren Buffett's Berkshire Hathaway (BRK.A) won't have to report its transactions in Bank of America (BAC) stock promptly anymore. That's because Buffett continued his recent selloff of Berkshire's holdin ...

Bank of America Corporation BAC currently offers an annual dividend yield of 2.6%. That’s a quarterly dividend amount of 26 cents per share ($1.04 a year).To earn $500 monthly from the Charlotte, North Carolina-based firm, start with a yearly target of $6,000 ($500 x 12 months).Next, we take this amount and divide it by Bank of America's $1.04 dividend: $6,000 / $1.04 = 5,769 sharesSo, an investor would need to own approximately $230,587 worth of Bank of America, or 5,769 shares to generate a monthly divide ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.In a Thursday night filing with the U.S. Securities and Exchange Commission, Buffett disclosed the sale of more than 9.5 million shares, split between three transactions made from Tuesday to Thursday. The move brings his holdings down to 775 million s ...

Wall Street analysts forecast that Bank of America (BAC) will report quarterly earnings of $0.78 per share in its upcoming release, pointing to a year-over-year decline of 13.3%. It is anticipated that revenues will amount to $25.29 billion, exhibiting an increase of 0.5% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial p ...

Warren Buffett, known as the "Oracle of Omaha," recently sold a portion of Berkshire Hathaway's (BRK.A) holdings in Bank of America (BAC) . Previously, Bank of America was Berkshire’s second-largest position after Apple (AAPL) , but Buffett has reduced his stake.Buffett sold over $9.6 billion worth of Bank of America stock during the third quarter and an additional $140 million in the first two days of October, per a Motley Fool article, as quoted on Yahoo Finance. In fact, Buffett's been a net seller of st ...

This is according to the 2024 Bank of America Women & Minority Business Owner Spotlight (PDF), published in partnership with Bank of America Institute. The survey of more than 2,000 small and mid-size business owners across the country explores sentiments about business outlook, access to capital, how they manage their employees, and how they interact with their community. This annual survey samples a general population of small and mid-sized business owners and includes specific insights into the perspecti ...

Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Bank of America. Tyler Crowe has positions in LGI Homes. The Motley Fool has positions in and recommends Bank of America and LGI Homes. The Motley Fool has a disclosure policy.Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions re ...

"Our 2024 study reveals a common thread among high-net-worth individuals: a strong desire to make a positive change with lasting impact," said Jennifer Chandler, Head of Philanthropic Solutions at Bank of America Private Bank. "However, responses also make it clear that there's more than one way to achieve that goal. Generational and gender experiences shape worldviews and values, influencing cause selection and how people give." Differences in Age: Philanthropy is a way to impact the future, but what that ...

The market expects Bank of America (BAC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 15, 2024, might help the stock move higher if these key numbe ...