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Net interest income is likely to fall as credit spreads shrink. ... Bank of America looks like a solid value, trading at a price-to-earnings ratio of 14 and offering a dividend yield of 2.6% ...
The "smart money" is beholden to shareholders, and a 5% move in the share price of a stock one way or the other can have much bigger consequences for them than it does for an individual investor ...
That stock is Bank of America, which Buffett's Berkshire Hathaway has been dumping en masse. Even though the conglomerate still holds a large position, it sold about $9 billion worth of BoA shares ...
Bank of America's P/E ratio is far lower than Apple's, closing in on 15 times earnings, but that is near the highs of the last seven years since Buffett's owned the stock. And after a strong run ...
Bank of America (BofA) stock has performed well since Berkshire first invested in it in 2011, returning around 12% compounded annually. At the end of the second quarter, BofA made up around 11% of ...
This was one of the first major securities class action lawsuits stemming from the financial crisis of 2007–2008 to settle. Many major financial institutions had a stake in this lawsuit, including Chicago Clearing Corporation, hedge funds, and bank trusts, due to the belief that Bank of America stock was a sure investment.
One sign that suggests Bank of America stock has further upside is its price-to-book (P/B) ratio, currently at 1.3. This valuation multiple measures the stock's total market capitalization ...
Berkshire Hathaway's stake in Bank of America can increase to as much as 24.9%, per the Federal Reserve Bank of Richmond, without it being considered a bank holding company -- and its current ...