Bank of America (BofA) shared its fourth-quarter earnings, which saw the banking giant exceed expectations due to strong investment banking and interest income results.
BofA reported $0.82 in earnings per share (EPS) in Q4, marking a 47% year-over-year jump and coming above $0.77 estimated by...
Warren Buffet’s multinational conglomerate Berkshire Hathaway recently continued to reduce its stake in Bank of America, selling $760 million worth of shares in early September. This brought Berkshire’s sales of BofA’s stock to around $7 billion since July.
No one really knows why Buffet and...
Warren Buffett’s Berkshire Hathaway has slashed its large holdings of Bank of America stock. In a regulatory filing made this week, Berkshire revealed the conglomerate sold 34 million BofA shares for $1.48 billion.
The sale comes after the BofA stock jumped 7.28% this past month...
After reaching a record price earlier this month, the stock of chipmaker Broadcom has been sliding in recent days. But Bank of America’s (BofA) analyst Vivek Arya believes that the company’s shares are primed for another surge and will reach even bigger heights.
In a...
The U.S. Consumer Financial Protection Bureau (CFPB) announced on Tuesday that Bank of America accepted to pay a $12 million fine for submitting inaccurate information about its mortgage applicants.
According to CFPB, Bank of America loan officers failed to ask applicants routine questions about certain...
Bank of America reported its third-quarter earnings on Tuesday, revealing that profits were up 10% from a year ago. This comes after the second-largest US bank got a boost from higher interest income in the face of rising Federal Reserve rates. Stocks in the...
