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The amount of data available to investors on Wall Street can sometimes be overwhelming. A relatively constant stream of earnings reports and economic data releases can make it easy for something important to fall through the cracks.
The latest trading day saw Bank of America (BAC) settling at $45.30, representing a -1.54% change from its previous close.
CHARLOTTE, N.C. , Feb. 20, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 24, 2025 all CAD550,000,000 principal amount outstanding of its 3.515% Fixed/Floating Rate Senior Notes, due March 2026 (CUSIP No.
Somnigroup International Inc. (NYSE:SGI ) Q4 2024 Earnings Conference Call February 20, 2025 8:00 AM ET Company Participants Aubrey Moore - Investor Relations Scott Thompson - Chairman, President and Chief Executive Officer Bhaskar Rao - Executive Vice President and Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Rafe Jadrosich - Bank of America Bobby Griffin - Raymond James Peter Keith - Piper Sandler Dan Silverstein - UBS Keith Hughes - Truist Securities Seth Basham - Wedbush Securities Bradley Thomas - Capital Markets Jonathan Matuszewski - Jefferies Laura Champine - Loop Capital Phillip Blee - William Blair William Reuter - Bank of America Operator Good morning, ladies and gentlemen, and welcome to the Somnigroup Fourth Quarter 2024 Earnings Call. [Operator Instructions] This call is being recorded on Thursday, February 20, 2025.
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?
In the latest trading session, Bank of America (BAC) closed at $46.01, marking a -1.12% move from the previous day.
January saw solid investment activity with $1,500 in net capital added, primarily into Business Development Companies like Owl Rock Capital, Goldman Sachs BDC, and Blackstone Secured Lending Fund. Dividend income hit a record $814 in January, up 21% Y/Y, driven by ongoing investments in high-yield BDCs, aiming for $11,000 annual net dividends. Focus on maintaining steady BDC dividends and achieving a monthly increase of $100 in dividend income.
Bank stocks are near buy points as funds load up. Bank of America stock is in a cup-with-handle base with a buy point of 47.51.
Shares of Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) are lower today, after Warren Buffett's Berkshire Hathaway (BRK) lowered its stake in both banks by 15% and 74%, respectively.
Warren Buffett's Berkshire Hathaway cut its Bank of America stake and other bets last quarter. The investor's company exited two S&P 500 funds and only added one new stock, Constellation Brands.