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Big Banks Poised for Multi-year Inflection Point, Wells Fargo's Mike Mayo Says
What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)
This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.
What signal? Warren Buffett has once again reduced his shareholding in Bank of America, cashing in nearly $1.5 billion.
After four years, he took action.
Financials Dominate in Q2 as Wall Street Slides Amidst Concerns on Tech - Earnings Scorecard
22 Out of 23 Financial Stocks Deliver EPS Wins on Global Banking Strength - Earnings Scorecard
Berkshire Hathaway Sells Bank of America Stock Worth $1.5 Billion
Berkshire Hathaway sold about $1.5 billion of Bank of America stock in recent days, dropping its stake in the banking giant to a still sizable $42.9 billion, according to a filing late Friday.
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SFRE Keith : A small portion of his total position. What is your opinion? Should I sell or hold?