0Q16.L - Bank of America Corporation
| Previous close | 33.18 |
| Open | 33.15 |
| 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 |
| Volume | |
| Avg. volume | N/A |
| Market cap | 3.235B |
| Beta (5Y monthly) | 1.38 |
| PE ratio (TTM) | 0.09 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Bloomberg
Hot Inflation Puts Another Fed Hike In Play for June or July
(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
- Yahoo Finance Video
Bank of America lifts year-end S&P 500 target to 4,300
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 Posts First Weekly Gain Since April as Markets Embrace Risk
(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
- Yahoo Finance
Elizabeth Warren: 'Very troubled' by First Republic sale to JPMorgan
Senator Elizabeth Warren confronted regulators about a deal that made the nation's largest bank even bigger.
- Yahoo Finance
Warren Buffett sells stakes in two banks, buys into Capital One
The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.
- Yahoo Finance Video
Bank of America survey: Recession, debt ceiling, and tech are key economic charts
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.
- Yahoo Finance
Fed's Waller: Climate change not a 'serious risk' to US financial system
The comments from Federal Reserve Governor Chris Waller come as the central bank tests the resilience of banks under different climate scenarios.
- Bloomberg
Macron Gets Boost as France Extends Lead in Investment Ranking
(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
- Yahoo Finance Video
Berkshire Hathaway: What you need to know from the annual shareholders meeting
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”
- Yahoo Finance Video
Buffett addresses stake in Apple, Occidental Petroleum, and issues warning about the streaming business
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.
- Yahoo Finance
Warren Buffett sticks with Bank of America as crisis rocks bank stocks
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.
- Yahoo Finance
Warren Buffett on investing: 'Be a no-emotion person' in matters of business
Warren Buffett to investors: In business, it's best not let your emotions get ahead of you.
- Yahoo Finance
Buffett: 'Catastrophic' to let SVB depositors lose their money
The Berkshire CEO said if the US government had not protected all depositors at Silicon Valley Bank, it would have disrupted the world's financial system.
- Yahoo Finance Video
Warren Buffett Q&A: 3 things to watch
Warren Buffett will take center stage on Saturday, May 6 as Berkshire Hathaway (BRK-A) hosts its annual shareholders meeting in Omaha, Nebraska. The event has been dubbed the ‘Woodstock of Capitalism’, drawing attention from a wide range of investors, market watchers, and economists, all hoping to get a glimpse of the magic that inspired Buffett’s legendary career. Yahoo Finance is on the ground in Omaha with special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting. Here are the top 3 things we’re watching for ahead of Saturday’s big event: Buffett’s comments on the banking crisis The state of the U.S. economy Warren Buffett’s top stock picks
- Yahoo Finance
How Warren Buffett avoided damage from the current banking crisis
The Oracle of Omaha sold a large portion of Berkshire’s holdings in US banks between 2020 and 2022, some just months before the banking system upheaval that began in mid March.
- Yahoo Finance
A fix for the banking bust is coming into view
Momentum is growing to enact unlimited deposit insurance, even among anti-bailout free marketeers.
- Yahoo Finance
Federal Reserve pushes interest rates above 5% for first time since 2007
The Federal Reserve's latest policy decision on Wednesday could mark the end of its rate hiking campaign, the most aggressive from the central bank since the 1980s.
- Yahoo Finance
Inside JPMorgan's late-night scramble to buy First Republic
Takeout Mexican, lots of coffee and more than 800 people fueled a weekend-long effort by JPMorgan to win a government-led auction.
- Yahoo Finance
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis
The San Francisco lender becomes the biggest casualty of the banking system turmoil that started in March.
- Yahoo Finance Video
Powell, Yellen killed First Republic Bank: Analyst
The fate of First Republic Bank is in question, as pressure mounts on the embattled lender after it revealed a massive fall in deposits during the first quarter. As Wall Street debates the cause of First Republic’s (FRC) troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were “advocates of the strategy called ‘go big at the Fed’,” Chris Whalen, Whalen Global Advisors Chairman tells Yahoo Finance. “After 2018…we had a big problem in the money markets, so I think Chairman Powell…panicked in Washington, and they decided to provide more reserves.” As the COVID-19 pandemic hit, the central bank acted again, bringing the Fed’s balance sheet to nearly $9 trillion. “What they did, in essence, was throw a lot of money at a perceived problem, but they’ve created a real problem now, which is that interest rates have risen,” Whalen says. "The Fed has created a huge market risk, so these outliers like Silicon Valley, First Republic, have tipped over in a difficult funding market.” In his full interview, Whalen spoke with Brad Smith and Julie Hyman about the issues First Republic (FRC) is facing. Key Video Moments 00:00:05: Powell and Yellen's strategy 00:01:10: Huge market risk 00:01:35: Unrealized losses on balance sheets
- Yahoo Finance
Why big banks are reluctant to rescue First Republic again
The banks that provided First Republic with a $30 billion infusion in March are not yet coming to the lender's aid a second time around.
- Yahoo Finance
Pressure mounts on First Republic as stock continues plunge
The San Francisco lender is considering a variety of alternatives to save itself.
- Yahoo Finance
First Republic stock plummets 49% after revealing deposit exodus in March
The disclosure raised new questions about the fate of a San Francisco lender that was at the center of a banking system crisis in March.
- Yahoo Finance
Regional banks aren't collapsing. That doesn't mean everything is fine.
Results from a number of mid-sized lenders showed that regional banking isn't getting any easier.
- Yahoo Finance
Rally in regional bank stocks fizzles
Results from several mid-sized lenders, including Comerica and Key, don't impress investors.
