BAC Stock Recent News

The largest U.S. banks posted substantial fourth-quarter revenue and profit gains thanks to a resurgence in Wall Street dealmaking.

Bank of America reported strong Q4 earnings, driven by robust investment banking activity, higher NII and a healthy balance sheet. Bank of America also beat earnings and revenue estimates for Q4'24. The banking giant issued a favorable NII projection for 2025 and sees successive growth in net interest income due to the Fed's supportive rate policy.

Warren Buffett and his team at Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.11%) have long dabbled in bank stocks, owning almost every major Wall Street bank at one time or another over the past several decades. It's an industry Buffett has deep ties to and has done incredibly well with if you think back to Berkshire's timely bank stock investments during the Great Recession.

The financials sector is showcasing a strong earnings performance this season, as major banks Bank of America (BAC), Morgan Stanley (MS), Citigroup (C), JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) reported a combined 19% increase in net income for 2024. CFRA Research Director of Global Fundamental Research Ken Leon joins Market Domination to offer his analysis on the banking industry's outlook.

Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday.

CHARLOTTE, N.C. , Jan. 17, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:  Series of Preferred Stock Dividend per Share or Depositary Share 1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.32807 January 31 February 18 Floating Rate Non-Cumulative Preferred Stock, Series F $1,255.04500 February 28 March 17 Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,255.04500 February 28 March 17 Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.34535 February 15 February 28 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.34663 February 15 February 28 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.35302 February 15 February 28 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.33745 February 1 February 21 Fixed-to-Floating Rate Non-Cumulative Prefer

Two Wells Fargo advisory firms and Merrill Lynch have agreed to settle Securities and Exchange Commission (SEC) charges that they violated Advisers Act rules relating to their cash sweeps programs.

JPMorgan Chase CEO Jamie Dimon warned investors to keep an eye on inflation and the job market. He said stagflation would be a worst-case scenario.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes?

Merrill Advisors with Losses Over $100,000 Should Contact KlaymanToskes Immediately NEW YORK, NY / ACCESS Newswire / January 17, 2025 / National investment loss and securities attorneys KlaymanToskes announces the filing of a FINRA arbitration claim (Case No. 24-00542) against Merrill Lynch, a division of Bank of America (NYSE:BAC), on behalf of a former financial advisor seeking to recover up to $5,000,000 in deferred compensation and other damages.