Berkshire Hathaway has recently sold around $1.48 billion of their Bank of America shares. This sale of stocks comprises approximately 34 million shares and represents a significant reduction in their holdings. Despite this, Bank of America continues to show strong performance on the market. The financial giant has recently reported a robust net interest income rebound, suggesting that the bank may start to grow its net interest income again. Bank of America's share prices have jumped 5% as a result. The Q2 earnings have shown an improvement, further enhancing investor confidence and adding to the 24% rally. Additionally, Bank of America has declared preferred stock dividends for Q3 2024 and looks to have a strong market standing according to several street analysts. However, insider disposals of shares signal possible bearish trends. Despite this, the corporation's stock has outperformed competitors on strong trading days but falls under pressure from higher rates.
Bank of America Stocks News Analytics from Tue, 12 Mar 2024 07:00:00 GMT to Sun, 21 Jul 2024 14:44:12 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor 0
