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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.
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.
Warren Buffett's Berkshire Hathaway Sells 33.9M Bank Of America Shares, Worth $1.48B
Warren Buffett's Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) has offloaded approximately 33.9 million shares of Bank of America (NYSE:BAC), equivalent to around $1.48 billion, as per a regulatory
Fed Policy Easing to Help Boost Financials Sector, Wells Fargo Investment Says
The financials sector's performance is expected to benefit from a potential monetary policy easing by the Federal Reserve and prospects of a strengthening economy, Wells Fargo Investment Institute
Banks Face Disruptions From Global IT Outage -- WSJ
By Gina Heeb and Vipal Monga Banks across the U.S. and Canada are scrambling to deal with disruptions from the global technology outage. Wells Fargo encountered issues related to the outage overnight,
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