Bank of America is maintaining an active profile in the stock market. It has recently authorized a $40 billion stock repurchase plan, and has also flagged 3 breakout stocks to watch ahead of earnings. With a 4% floor, the bank's Floating Preferred stock is a key asset. However, it's worth noting that Warren Buffett sold 41% of Berkshire's stake in Bank of America, favoring the shift to other stocks. Amidst this, Bank of America shares have presented a potential stock-market bubble, potentially signalling that the era of biggest stocks dominating markets could be over. Furthermore, Bank of America has also expressed bearish views on Hims & Hers stock (HIMS) due to competitive pressures. Despite the trading down of its shares by 2%, the Bank remains attractive to investors, particularly through the launch of the Alts Access Program for ultra-wealthy investors. Finally, Bank of America has also revised interest-rate outlooks, while maintaining its Undervalued status and advancing plans to offer private markets investments to ultra-high-net-worth clients.
Bank of America Stocks News Analytics from Mon, 07 Apr 2025 07:00:00 GMT to Sat, 06 Sep 2025 21:45:26 GMT -
Rating -4
- Innovation 6
- Information 6
- Rumor 2
