BAC Stock Recent News

Bank of America's Q1 financial results showed a small increase in net interest income and a decrease in non-interest expenses. The FDIC Special Assessment had a negative impact on the bank's net income, but preferred dividends remain safe. The Series HH preferred shares have a fixed dividend yield of 5.98% and are currently trading below par.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this BAC commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.

Markets were scared to wake up to the Federal Reserve (the Fed) pulling the rug. After pricing in the proposed interest rate cuts for 2024, which were set to be implemented by March, then May, and now September, according to the CME's FedWatch tool, markets retraced on the thought of no more cuts coming this year.

Shareholders at annual meetings on Wednesday rejected separate proposals at Goldman Sachs Group Inc. and Bank of America Corp. to separate the roles of chair and chief executive at the banks.

At Goldman's annual shareholder meeting, the proposal by the conservative-leaning National Legal and Policy Center garnered 33% of shareholder votes, according to a preliminary tally, compared with 16% last year.

Bank of America shareholders rejected a proposal to divide the CEO and chairman roles held by Brian Moynihan on Wednesday at the company's virtual annual meeting.

The stock market's strong performance in 2024 has made many investment options too expensive for some traders. However, with the recent pullback, an opportunity has emerged to invest in excellent value picks with $100.

Dips in the broader market have historically served as a buying opportunity for long-term-minded investors. A majority of online brokers have shelved commission fees and minimum deposit requirements in recent years.

Some of the largest U.S. banks are being asked by the Commodities Futures Trading Commission to provide details about nondisclosure agreements for employees in an effort to protect potential whistleblowers, according to a report by Bloomberg.

Investing in retirement is a little different. While people may focus on growth and gains when they are accumulating wealth and trying to enlarge their nest egg, once retired, the focus tends to switch to preserving existing capital and adding new money through regular dividend payments.