{
}
Warren Buffett has reduced Berkshire Hathaway's stake in Bank of America by approximately 7%, bringing it to 631.5 million shares, despite the bank's strong fundamentals and attractive valuation. The reduction may be due to the stock's large proportion in Berkshire's portfolio or a shift in perceived attractiveness based on valuations. Bank of America continues to show solid earnings growth prospects, trading at a discount compared to the broader market and its peers.
Warren Buffett is quietly building a stake in a currently undisclosed company, utilizing confidential treatment for his latest 13F filing. This strategy allows him to accumulate shares without attracting attention, following significant investments in Constellation Brands and continued reductions in Bank of America and Citigroup holdings. Analysts speculate that the secret stock may be a large industrial player, potentially UPS, given its favorable valuation metrics.
Goldman Sachs reported a 30% drop in net income for its Japan securities arm, totaling ¥27.6 billion ($190 million), amid a challenging year for foreign banks in the country. While Barclays and Deutsche Bank also experienced profit declines, Bank of America returned to profitability, and UBS saw an 82% increase in net income. Despite the downturn, Goldman Sachs remained the most profitable foreign bank in Japan, earning three times more than its nearest competitor.
Bank of America (NYSE:BAC) reported Q1 earnings of $0.90 per share, surpassing estimates of $0.80, with revenue of $27.37 billion. The firm declared a quarterly dividend of $0.26, yielding 2.33%, and has a market cap of $336.38 billion. Analysts maintain a "Moderate Buy" rating with a consensus price target of $47.50.
Bank of America received a "buy" rating from multiple analysts, with target prices ranging from $42.00 to $53.00. The company reported a quarterly EPS of $0.90, exceeding estimates, and announced a dividend of $0.26 per share, yielding 2.33%. Institutional investors hold 70.71% of the stock, which has a market cap of $336.38 billion.
Bank of America reported $0.90 earnings per share for the quarter, surpassing estimates of $0.80, with revenue of $27.37 billion against a forecast of $26.83 billion. The company announced a quarterly dividend of $0.26, yielding 2.33%, and has a payout ratio of 30.95%. Analysts project an average EPS of 3.7 for the current year, with a consensus rating of "Moderate Buy" and a target price of $47.50.
Royal Bank of Canada has reduced its price target for Bank of America from $50 to $45, maintaining an "outperform" rating, while Cfra Research raised its target to $47 with a "buy" rating. Analysts show a consensus rating of "Moderate Buy" with an average price target of $47.50. Bank of America reported earnings of $0.90 per share, exceeding expectations, and announced a quarterly dividend of $0.26 per share, reflecting a 2.35% yield.
Morgan Stanley raised its price target for Bank of America from $54 to $56, maintaining an "equal weight" rating, while Piper Sandler cut its target from $45 to $42 with a "neutral" rating. TD Cowen initiated coverage with a "buy" rating and a $53 target. Currently, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.50, with 70.71% of shares held by institutional investors. Bank of America recently reported a quarterly EPS of $0.90, exceeding estimates, and declared a quarterly dividend of $0.26 per share.
Evercore ISI and Truist Financial have recently lowered their price targets for Bank of America to $48.00 and $47.00, respectively, while Baird R W upgraded its rating to "strong-buy." The stock holds a "Moderate Buy" average rating with a consensus target price of $47.50. Institutional investors own 70.71% of the shares, and the company reported a quarterly earnings per share of $0.90, exceeding expectations. Bank of America also announced a quarterly dividend of $0.26, reflecting a 2.35% yield.
Barclays reduced its price target for Bank of America from $58 to $54, maintaining an "overweight" rating, while Oppenheimer raised its target from $50 to $51 with an "outperform" rating. Robert W. Baird upgraded the stock to "outperform" with a new target of $50, whereas Piper Sandler lowered its target to $42 with a "neutral" rating. The company has a "Moderate Buy" average rating from analysts, with a price target of $47.50, and recently reported earnings of $0.90 per share, exceeding expectations. Bank of America also announced a quarterly dividend of $0.26, yielding 2.35%.
Bank of America Corporation
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bank of america valuation remains attractive despite warren buffett's stake reduction
Bank of America Corporation
Berkshire Hathaway Inc.
Wells Fargo & Company
USA
Warren Buffett
Show more
22:03 19.05.2025
warren buffett quietly builds stake in unknown company with confidential filing
Bank of America Corporation
Occidental Petroleum Corporation
Constellation Brands Inc.
Fedex Corporation
United Parcel Service Inc.
SCP Pool Corporation
USA
Warren Buffett
Donald Trump
Show more
09:06 19.05.2025
goldman sachs leads foreign banks in japan despite profit decline
Japanese Yen
United States Dollar
Bank of America Corporation
DEUTSCHE BANK AG
UBS Group AG
DEU
JPN
GBR
USA
Show more
05:42 19.05.2025
bank of america reports strong earnings and declares quarterly dividend
12:52 18.05.2025
bank of america receives mixed analyst ratings and target price adjustments
12:27 18.05.2025
bank of america reports strong earnings and announces quarterly dividend
12:14 18.05.2025
bank of america receives mixed analyst ratings and price target adjustments
13:47 17.05.2025
bank of america receives mixed analyst ratings and price target adjustments
12:35 17.05.2025
bank of america faces mixed analyst ratings and price target adjustments
11:58 17.05.2025
bank of america receives mixed analyst ratings and price target adjustments
Bank of America Corporation
Proshare Advisors LLC
Geode Capital Management LLC
Norges Bank
USA
Show more
11:57 17.05.2025
Trending
Subcategory
Stock Market Updates
Market Analysis and Predictions
Banking Regulations
Finance Mergers & Acquisitions
Hedge Funds & Private Equity
Corporate Responsibility & ESG
Corporate News
Industry Trends
Venture Capital Investments
AI Innovations
SEC & Financial Compliance
Product Launches
Retail and Consumer Goods
Software Development Trends
Commodities
Emerging Startups
Economic Indicators
Swiss Financial Market Supervisory Authority
AI Applications
Funding Rounds & Investments
Countries:
Companies:
UBS Group AG
Raiffeisen Bank International AG
DEUTSCHE BANK AG
Microsoft Corporation Corp.
Berkshire Hathaway Inc.
Huawei Technologies CO. Ltd.
Apple Inc.
Credit Suisse Group Ltd.
BNP Paribas Financial Markets SNC
Amazon.com Inc.
Archer-Daniels-Midland Company
Norges Bank
UBS GROUP B.V.
The Goldman Sachs Group Inc. PFD 1/1000 C
Bank of America Corp.
Alphabet Inc.
FMR LLC
Bank of America Corporation
Zürcher Kantonalbank
Wells Fargo & Company
Currencies:
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Offshore Chinese Yuan
Indian Rupee
Japanese Yen
Mexican Peso
Australian Dollar
New Zealand Dollar
Hong Kong Dollar
People: