Bank of America(BAC.US) 10% Shareholder Sells US$1.48 Billion in Common Stock
$Bank of America(BAC.US)$ 10% Shareholder BERKSHIRE HATHAWAY INC sold 33.89 million shares of common stock on Jul 17, 18, 19, 2024 at an average price of $43.5632 for a total value of $1.48 billion.
Stock market guru Buffett reduced his shareholding in Bank of America by 34 million stocks and cashed out $1.48 billion.
Warren Buffett, the stock god, led the sale of about 34 million Bank of America stocks in the latest trade for $1.48 billion.
Express News | Berkshire Hathaway Sells About 33.9 Mln Bank of America Common Shares for About $1.48 Bln- SEC Filing
Banks Profit as M&A Stirs, but Consumer Loans Pose Risks
Wall Street is back. Main Street? Not so much. That's the big takeaway after the largest U.S. financial institutions reported this earnings season.
One article reads: Who is the initiator of the 'global crisis'? Why is its destructive power so widespread?
The global outage caused by CrowdStrike on Friday led to a large number of flights being grounded, market chaos, and operational problems for multiple companies. On the same day, Microsoft Azure cloud computing service failure made the situation even more complicated and it is expected to take several days to eliminate all the impacts. What is CrowdStrike? This cybersecurity company is a major supplier of anti-ransomware software. According to the market research institution IDC, CrowdStrike's share in the $8.6 billion endpoint detection and response (EDR) software market is about 18%, second only to Microsoft. The company's institutions are
Bank of America Options Spot-On: On July 19th, 265.58K Contracts Were Traded, With 3.41 Million Open Interest
On July 19th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 265.58K options for the day, of which put options accounted for 31.69% of the total transactions,
Press Release: Bank of America Declares Preferred Stock Dividends for Third Quarter 2024
Bank of America Declares Preferred Stock Dividends for Third Quarter 2024 PR Newswire CHARLOTTE, N.C., July 19, 2024 CHARLOTTE, N.C., July 19, 2024 /PRNewswire/ -- Bank of America Corporation today
Global IT failures spread to Wall Street, with employees of institutions such as JPMorgan unable to log in to the system.
From Hong Kong, Dubai to South Africa, London, bankers in many places were affected by global IT failures, with some unable to log in to computer systems and others unable to trade. Employees of banks such as JPMorgan, Nomura, and Bank of America were unable to log in to the company's system on Friday, and many people's interfaces turned into blue error screens. At Haitong Securities, one trading desk was shut down for about three hours. The Norwegian central bank said it would have to conduct liquidity tenders by email and phone due to problems with its network system. This interruption is associated with CrowdStrike Holdings Inc., a widely used network.
Global IT breakdown: Failure spreads to Wall Street, CrowdStrike suffers heavy losses, and Microsoft claims services have been restored.
On Friday morning Asia time, microsoft stated on its website that some users were unable to use its 365 apps and services. The United States was the first to experience problems, with Frontier Airlines suspending flights for more than two hours and blaming a Microsoft online service outage. In the afternoon, IT failures occurred globally, from airlines, airports, the London Stock Exchange, mcdonald's, japan universal studios, to cybersecurity company CrowdStrike. CrowdStrike stated that its Falcon Sensor threat monitoring product caused the problem with microsoft.
Unusual Options Activity: GOOGL, FITB and Others Attract Market Bets, GOOGL V/OI Ratio Reaches 63.9
EST Jul 19th Afternoon Delivery - In the last two hours of trading, 6 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Banks Grapple With Technical Difficulties Following CrowdStrike Outage -- WSJ
By Alexander Saeedy Big U.S. banks are still scrambling to get their systems fully operational after a faulty software update from cybersecurity company CrowdStrike wreaked havoc on businesses
Visa Vs. Mastercard Q2 Earnings Preview: Analyst Evaluates Credit Card Giants' Stability, Regulatory Pressures
With Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) set to report their quarterly earnings later this month, Wall Street is keenly observing the performance of these payment giants.Visa reports Q2
Smart Money Is Betting Big In BAC Options
Financial giants have made a conspicuous bullish move on Bank of America. Our analysis of options history for Bank of America (NYSE:BAC) revealed 9 unusual trades.Delving into the details, we found 77
Bank of America Merrill Lynch: Investors flock to US stocks betting on Trump's re-election and Fed rate cuts.
Bank of America's strategist stated that investors are flocking to the US stock market as their expectations rise for both a rate cut by the Federal Reserve in September and Donald Trump winning the election. Citations from Michael Hartnett's Bank of America team references EPFR Global data that shows approximately $45 billion of capital was absorbed in US stock funds in the week that ended on Wednesday, the fourth-largest inflow of capital in history. Small-cap stock funds saw a $9.9 billion inflow, the second-largest in history, while large-cap stock funds saw a $27.4 billion inflow. The strategist stated that traders are turning as the Federal Reserve moves towards its first rate cut.
BofA Receives 19 Awards for Excellence From Euromoney Magazine
CHARLOTTE, NC / LONDON – Highlighting the company's ability to capture market share, deliver innovation and support clients' expanding needs, Euromoney Magazine has named Bank of America the World's
Phillip Securities Downgrades Bank of America(BAC.US) to Hold Rating, Raises Target Price to $45
Phillip Securities analyst Glenn Thum downgrades $Bank of America(BAC.US)$ to a hold rating, and adjusts the target price from $40.82 to $45.According to TipRanks data, the analyst has a success
Bank of America Merrill Lynch Securities: Maintains Buy rating for Shenzhou International Group Holdings Limited unsponsored ADR, with a target price of HKD 93.5.
Bank of America Securities released a research report stating that the decline in the stock price of Shenzhou International (02313) from the June high may be due to Nike's guidance reduction and tariffs. The report believes that many of the concerns of investors are somewhat exaggerated and that the company has an attractive risk-return profile, especially after the sell-off. The target price is HKD 93.5 and the rating is maintained as "buy". The bank expects the company's gross margin to recover to over 28% in the first half of this year and to recover to 30% at some point in the second half of this year. The bank still believes that the company's profit growth in the first half of this year may be significantly higher than the income growth. Nike's guidance reduction has caused many concerns and has already had a negative
Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.
Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.
Netflix executives interpret Q2 financial reports: free cash flow is expected to remain around $6 billion this year.
Netflix announced its second quarter financial report today: revenue of $9.559 billion, an increase of 16.8% year-on-year; net income of $2.147 billion, an increase of 44% year-on-year; diluted earnings per share were $4.88, a growth from $3.29 in the same period last year.
Top 20 US stock trading volume on July 18: a well-known analyst said that orders for the Apple iPhone 16 may not have increased.
On Thursday, Nvidia, the top-performing stock in trading volume, rose 2.8%, partially recovering from the huge losses suffered on Wednesday, with a transaction value of $38.113 billion. As of the close of trading on Thursday, the stock had fallen more than 6.3% and may record a decline this week. Tesla, in second place, rose 0.29%, with a transaction value of $27.806 billion. According to the California New Car Dealers Association (CNCDA), Tesla's sales in California in the second quarter of 2024 sharply fell by 24%. The CNCDA reported on Thursday that Tesla's car registration in California has dropped 17% so far this year compared to last year, despite Tesla's.