CHARLOTTE, N.C., Aug. 8, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 20, 2024 all CAD500,000,000 principal amount outstanding of its 3.407% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 060505FG4, ISIN: CA060505FG45) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 20, 2024.  Interest on the Notes will cease to ac ...

The week is off to a rocky start for most investors. From Sunday night’s opening of futures and Asian stock markets to the 3.6% decline on the S&P 500, the market’s rotation seems to be gaining more momentum this week without any signs of slowing down. Hopping on this trend are Wall Street legends like Stanley Druckenmiller and Warren Buffett's company, Berkshire Hathaway.Druckenmiller started selling out of the technology sector recently, namely the names dealing with the artificial intelligence hype. He d ...

In many ways, the battles on Wall Street center on the difference between potentiality and predictability. It comes down to how you want to play the game. If you’re looking to put big numbers on the scoreboard, chances are, the defensive component of your game will be vulnerable. On the other hand, you could favor a strong defense over a robust offense, which brings us to blue-chip stocks.When you’re targeting the biggest and most established enterprises in the U.S. (and the rest of the world), you’re doing ...

Bank of America strategist Michael Hartnett anticipates a downturn in stocks following the Federal Reserve’s expected interest rate cuts in September.Hartnett suggests that this move will likely coincide with signs of a hard landing for the U.S. economy rather than the more favorable soft landing scenario. The strategist points out that historically, when the Fed begins easing in response to economic downturns, it often leads to negative outcomes for stocks and positive outcomes for bonds. “One very importa ...

Buffett buys good companies when they are temporarily out of favor, like when he bought Bank of America stock. TD Bank offers a similar opportunity.Warren Buffett is a Wall Street icon who runs Berkshire Hathaway. The stock picks that this conglomerate makes are, basically, Buffett's stock picks. Right now Berkshire Hathaway is selling down its position in large U.S. bank Bank of America (BAC -4.86%). But the longer-term story here helps explain why you might want to invest in Toronto-Dominion Bank (TD -2.4 ...

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has made a significant move by reducing its stake in Bank of America (NYSE: BAC) for the first time since 2019. According to a filing, Berkshire sold 33.9 million shares of BAC stock over three days in July, garnering nearly $1.5 billion at an average selling price of $43.56 per share. Despite this substantial sale, Bank of America remains a cornerstone in Berkshire’s $398 billion portfolio, holding its position as the second-largest investment. This strateg ...

Recent regulatory filings made by Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) revealed that the holding company reduced its stake in Bank of America (NYSE:BAC) for the first time since 2019. Even the most favored of Warren Buffett stocks aren’t immune from a little profit-taking. Over three separate days in July, Berkshire sold 33.9 million shares of BAC stock for proceeds of nearly $1.5 billion and an average selling price of $43.56. According to WhaleWisdom.com, Berkshire paid an average price of $25.68 f ...

Core Points - Bank of America has appointed Drew Slocum as president of Bank of America Wisconsin, where he will lead the Wisconsin market and connect clients, teammates, and communities to the bank's services [1] - Slocum has over two decades of experience in financial services and has been with Bank of America since 2006, previously serving as Global Commercial Banking market executive in Wisconsin [2] - The bank aims to grow its market share in Wisconsin and enhance economic mobility and community development under Slocum's leadership [1][2] Company Overview - Bank of America is a leading global financial institution, providing a wide range of banking, investing, asset management, and risk management services to individual consumers, small and middle-market businesses, and large corporations [4] - The company serves approximately 69 million consumer and small business clients in the U.S. through about 3,800 retail financial centers and approximately 15,000 ATMs, with around 58 million verified digital users [4] - Bank of America is a global leader in wealth management, corporate and investment banking, and trading, operating in over 35 countries [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6523 Exact name of registrant as specified in its charter: Bank of America Corporation Indicate by check mark whether the registra ...

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has once again made headlines by significantly trimming its stake in one of its long-standing investments, Bank of America (NYSE: BAC).According to a filing released on July 29, Berkshire Hathaway sold approximately 18.41 million shares of the bank in a strategic move between July 25 and July 29. Berkshire Hathaway BAC sale filings. Source: SEC This transaction, valued at around $770 million, follows an earlier sale this month in which Berkshire offloaded ab ...