Studio City International

Yahoo Finance • 3 months ago

Berkshire's BofA stake cuts top $6 billion, analysts say Buffett booking profits

By Arasu Kannagi Basil (Reuters) - Berkshire Hathaway has offloaded Bank of America shares worth more than a combined $6 billion following a strong run in the second-largest U.S. lender's stock, with some analysts seeing profit-taking at... Full story

Yahoo Finance • 3 months ago

Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale

(Reuters) - Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lend... Full story

Yahoo Finance • 3 months ago

Jim Cramer Thinks Bank of America Corp (NYSE:BAC) is ‘Selling Inexpensively’

We recently published a list of Jim Cramer is Talking About These 10 Stocks as Markets Rebound. Since Bank of America Corp (NYSE:BAC) ranks 3rd on the list, it deserves a deeper look. Jim Cramer in his latest program on CNBC talked about... Full story

Yahoo Finance • 4 months ago

Buffett Cuts BofA Stake Again, Unloading $3 Billion This Month

(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. disclosed its third disposal of Bank of America Corp. shares this month — paring its massive, profitable bet on the lender by a total of more than $3 billion. Most Read from Bloomber... Full story

Yahoo Finance • 4 months ago

BofA profit drops on lower interest income, outlook lifts shares

(Reuters) - Bank of America's profit fell in the second quarter as its income from interest on loans shrank and it set aside more money to cover potential credit losses. The second biggest U.S. lender earned $6.9 billion, or 83 cents per... Full story

Yahoo Finance • 6 months ago

BofA Seeks to Grab Market Share in Mid-Tier Deals Amid IPO Wins

(Bloomberg) -- Bank of America Corp. is looking to build out its equity capital markets franchise in Europe, and even as it works on some of the region’s largest initial public offerings this year, no deal is too small. Most Read from Blo... Full story

Yahoo Finance • 7 months ago

Q3 2024 Aspen Technology Inc Earnings Call

Participants Antonio J. Pietri; President, CEO & Director; Aspen Technology, Inc. Christopher Stagno; Senior VP, CAO & Interim CFO; Aspen Technology, Inc. David Emerson Ridley-Lane; VP; BofA Securities, Research Division Dylan Tyler Be... Full story

Yahoo Finance • 7 months ago

Bank of America Set to Report Earnings as High Interest Rates Cut Both Ways

Analysts polled by FactSet expected the bank to report earnings of $0.76 per share on revenue of $25.5 billion. Continue reading View comments... Full story

Yahoo Finance • 10 months ago

UPDATE 1-Bank of America bonuses for dealmakers, traders are broadly flat -source

(Adds background in paragraph 5, analyst quote in paragraphs 8-9) By Saeed Azhar NEW YORK, Jan 26 (Reuters) - Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown... Full story

Yahoo Finance • 10 months ago

One-Time Charges Concealed How Well Big Banks Did During The Last Quarter Of 2023

The week ended with earnings reports from four biggest U.S. banks. JPMorgan Chase & Co (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), Bank of America Corporation (NYSE: BAC) and Citigroup Inc (NYSE: C) delivered disappointing news as one-... Full story

Yahoo Finance • 10 months ago

BofA CEO Sees a Soft Landing for the Economy. Consumers Are 'Still in the Game.'

Bank of America CEO Brian Moynihan has penciled in a soft landing for the economy and offered some insights into the state of the consumer on the company’s fourth-quarter earnings call. “We see the consumer activity indicating that they're... Full story

Yahoo Finance • 10 months ago

Big U.S. bank profits fall on insurance fund charges, falling lending margins

WASHINGTON (Reuters) - Major U.S. bank fourth quarter profits fell on Friday as lenders put aside cash to replenish a government insurance fund dented by last year's bank failures, and as the rising cost of retaining deposits ate into marg... Full story

Yahoo Finance • 10 months ago

WRAPUP 1-Big U.S. bank profits fall on insurance fund charges, falling lending margins

WASHINGTON, Jan 12 (Reuters) - Major U.S. bank fourth quarter profits fell on Friday as lenders put aside cash to replenish a government insurance fund dented by last year's bank failures, and as the rising cost of retaining deposits ate i... Full story

Yahoo Finance • 10 months ago

BofA’s Bond Traders Post a Surprise Drop as Profit Slumps

(Bloomberg) -- Bank of America Corp.’s earnings fell short of expectations as the bank’s numerous charges in the fourth quarter cut into profit and the firm’s fixed-income traders posted a surprise drop in revenue. Most Read from Bloomber... Full story

Yahoo Finance • 10 months ago

Bank of America Earnings Hit by 2 Large Charges

Bank of America recorded two charges that impacted its fourth-quarter earnings. First, earlier this week, BofA said it would recognize [a net noncash pretax charge of about $1.6 billion in the fourth quarter](https://www. Continue reading... Full story

Yahoo Finance • 10 months ago

BofA Held-to-Maturity Losses Decline

A year-end Treasury rally helped Bank of America reduce the losses in its "held-to-maturity" portfolio. The former get marked to market, while the latter are assumed to be carried until they mature and don’t need to be updated to reflect m... Full story

Yahoo Finance • 10 months ago

BofA's Earnings Report Will Wrap Up a Tough Year

Investors will be looking for insights into how Bank of America is managing its loan book and a slowing economy when the company reports its financial results before the start of trading on Friday. Analysts expect the bank to post a fiscal... Full story

Yahoo Finance • 11 months ago

Oil to remain volatile in 2024, says BofA

(Reuters) - U.S. oil companies and refiners are likely to face another challenging 12 months in 2024, Bank of America (BofA) analysts wrote in a note on Friday, who expect Brent crude to average $80 per barrel this year. Crude futures los... Full story

Yahoo Finance • 11 months ago

Bank of America Bond Losses Narrowed From Rally to Estimated $100 Billion

By contrast, JPMorgan Chase’s unrealized bond losses may be in the $30 billion to $35 billion range now. Continue reading... Full story

Yahoo Finance • 11 months ago

12 Best Slow Growth Stocks To Buy According To Hedge Funds

In this article, we will take a detailed look at the12 Best Slow Growth Stocks To Buy According To Hedge Funds. For a quick overview of such stocks, read our article 5 Best Slow Growth Stocks To Buy According To Hedge Funds. It would be i... Full story