|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||33.10 - 33.26|
|52-week range||33.10 - 33.26|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||0.09|
|Earnings date||18 July 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Bank of America today announced the following reporting dates for quarterly financial results:
Bank of America Institute released a new analysis today that found net flows of domestic migration (people moving within the United States) continue to follow pandemic trends. BofA internal data, which leads the Census Bureau population data by almost a year, found that as of 1Q 2023, cities that saw a large influx of people during the pandemic are still growing faster than other cities in recent quarters, but housing prices are weakening even in cities with growing populations.
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
Brian Moynihan doesn't expect interest rates to drop again until 2024.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
Today, Bank of America published Break Through the Stigma: Menopause in the Workplace, a new report revealing half of peri- and post-menopausal women (51%) report menopause has negatively impacted their work life, yet only 14% believe their employers recognize the need for menopause-specific benefits. The underrecognized need for menopause-specific benefits comes as 20% of the workforce is in some phase of menopause transition1 and the number of post-menopausal women is expected to reach 1.1 bil
(Bloomberg) -- More disappointing inflation news could help to persuade Federal Reserve policymakers to raise interest rates again, giving ammunition to hawks who argue there’s more work needed to restore price stability.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Econ
DirectBooks announced today that BMO Capital Markets, Blaylock Van, and American Veterans Group have joined the platform. These recent additions increase the total number of underwriters on DirectBooks to 31, including 5 diversity underwriting firms, and complements a community of more than 375 institutional investors. The core offering now consists of Investment Grade, Emerging Markets, High Yield, and Sovereigns, Supranationals & Agencies (SSAs) issuances across USD, EUR and GBP markets.
Yahoo Finance Live analyzes Bank of America's latest year-end target for the S&P 500 as lawmakers contend with the looming default date on the debt ceiling.
(Bloomberg) -- Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighYellen Doubts US Could Still Pay All of Its Bills by June 15Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstCrude largely abandoned the fundamental tra
Bank of America Corporation announced today that it will redeem on May 28, 2023 all $1,250,000,000 principal amount outstanding of its Floating Rate Senior Notes, due May 2024 (CUSIP No. 06051GJX8) (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 May 28, 2023. Since May 28, 2023 is not a business day, the redemption price together with accrued and unpaid interest will be paid on the
Senator Elizabeth Warren confronted regulators about a deal that made the nation's largest bank even bigger.
Bank of America today announced it has awarded a $3 million grant to the Obama Foundation to support its workforce development and community support initiatives, both of which are tied closely to the forthcoming Obama Presidential Center on Chicago's South Side.
The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.
Yahoo Finance markets reporter Josh Schafer breaks down the three most important charts for the economy from the Bank of America survey, including recession concerns, the debt ceiling, and tech.
Bank of America is pleased to officially launch its impact accelerator program named Bank of America Breakthrough Lab with the call for applications for the September 2023 cohort. The six-month program provides tailored mentorship, digital expertise, networking with industry experts and access to potential investors to Black, Hispanic-Latino, Native American and other entrepreneurs from underrepresented communities so that they can scale-up their technology-related businesses.
The comments from Federal Reserve Governor Chris Waller come as the central bank tests the resilience of banks under different climate scenarios.
(Bloomberg) -- France extended its lead over major European rivals in an annual ranking of destinations for foreign investment, giving President Emmanuel Macron a boost as he tries to emphasize his economic achievements after a politically damaging struggle to reform the pension system.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Market
Bank of America Corporation announced today that it will redeem on May 19, 2023 all $1,000,000,000 principal amount outstanding of its 1.486% Fixed/Floating Rate Senior Notes, due May 2024 (CUSIP No. 06051GJC4) (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 May 19, 2023. Interest on the Notes will cease to accrue on the redemption date.
Bank of America today announced that it has opened a new branch in Luxembourg, further strengthening its capabilities and the value it offers to clients in core markets.
Many hopeful homebuyers – especially those in their 40s and younger – are forging ahead with plans to buy homes despite believing the market favors sellers, according to Bank of America's 2023 Homebuyer Insights Report. And while more than half of prospective homebuyers surveyed (55%) believe the market is more competitive than last year, just as many (54%) plan to either speed up their home purchases or buy when they originally planned, including 62% of Gen Z and 55% of Millennial homebuyers.
In an effort to provide expertise and additional resources to nonprofits across the country, Bank of America is providing Jersey City-based Liberty Science Center (LSC) a senior technology leader for the next 12 months as part of Bank of America's (BofA) Leader on Loan program. BofA TechStart Pathways Program Manager, Pragna Mehta, will fulfill a full-time role at LSC as their interim Data and Analytics Strategist.
Billionaire investor Warren Buffett hosted the Berkshire Hathaway (BRK.A) annual shareholders meeting on Saturday, May 6, 2023 in Omaha, Nebraska. During the wide-ranging Q&A sessions, Buffett, the company’s CEO and Chairman, and Vice Chairman Charlie Munger answered questions from shareholders about the overall health of the economy, inflation, the regional bank crisis and artificial intelligence. The annual shareholders meeting took place just days after the Federal Reserve raised interest rates by 0.25% to a new 16-year high above 5% . Yahoo Finance’s Brian Sozzi and Myles Udland provide an overview and key takeaways from Saturday’s event. Key Moments: 00:02:43 breakdown of Buffett’s comments on banking 00:04:00 analyzing what Buffett and Munger said on AI 00:05:54 what Buffett and Munger said about “value investing”
Warren Buffett addressed his stake in Apple and Occidental Petroleum (OXY), and shared his concerns about the video streaming business on Saturday. Buffett hosted the Berkshire Hathaway Annual Shareholders Meeting in his hometown of Omaha, Nebraska. The legendary investor was joined by Berkshire Hathaway (BRK-A) Vice Chairman Charlie Munger. When asked about his investment in Apple (AAPL), Buffett said, “I don't understand the phone at all, but I do understand consumer behavior." “Apple is not 35% of Berkshire's portfolio… it just happens to be a better business than any business we own.” He later made comments about his strategy in the energy sector, telling Berkshire shareholders the holding company is not "going to be making an offer for control of Occidental [Petroleum].” Find more special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting on YahooFinance.com.
Warren Buffett gives a thumbs up on Bank of America stock even as Berkshire has pared back its investments in the financial sector in the last few years.