Bank of America Corp. announced on Thursday that its net income in the fourth quarter of its fiscal 2024 landed at $6.7 billion, skyrocketing 112% from $3.1 billion reported a year prior. Meanwhile, diluted earnings per share (EPS) soared 134% to $0.82, while revenue climbed 15% to $25.3 billion. Both...
The upcoming week promises an action-packed Wednesday, with all eyes on JPMorgan's fourth-quarter results. The company's managed revenue in the third quarter of fiscal 2024 came in at $43.3 billion, rising 6% on an annual basis.
Investors will also be looking at BlackRock, Wells Fargo, Goldman...
Shortly after the stock market opened on Wednesday, shares of major banking institutions surged in response to the re-election of Donald Trump as the 47th President of the United States, marking his return to the White House following his previous tenure as the 45th President.At 9:42 am CET, Wells...
Bank of America Corp. announced on Tuesday that its net income in the third quarter of its fiscal 2024 landed at $6.9 billion, dropping 12% from $7.8 billion registered a year prior. Meanwhile, year over year, diluted earnings per share (EPS) declined 10% to $0.81, while revenue climbed 1% to $25.3...
Berkshire Hathaway Inc. sold over 9.5 million Bank of America Corp. shares this week, reducing its stake in the bank to 9.987%, according to a filing with the United States Securities and Exchange Commission. Berkshire Hathaway still holds some 775 million shares in BoA, worth $31 billion.With its...
Several users took to social media to indicate connectivity issues with Bank of America's online services on Wednesday.According to the monitoring site Downdetector, as of 2:15 pm ET, nearly 19,000 users reported outages with Bank of America, with people being locked out of their accounts.Those...
Berkshire Hathaway Inc. sold Bank of America Corp. shares worth a total of $845 million, a filing showed. Warren Buffet's company sold around 21.1 million shares between August 28 and 30.
Previously, Berkshire offloaded some 52.8 million BoA shares worth a total of $2.3 billion in July and around...
The United States Consumer Financial Protection Bureau (CFPB) is investigating JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and others over fraudulent transactions on their Zelle payment platform, the Wall Street Journal reported on Wednesday.
The probe is wide-ranging and...
Berkshire Hathaway has sold $2.3 billion of Bank of America shares over six trading days, culminating on Wednesday, according to a filing released on Thursday by the US Securities and Exchange Commission (SEC). The Omaha-based conglomerate reduced its stake in the bank by unloading 52.8...
Bank of America Corp. announced on Tuesday that its net income in the second quarter of its fiscal 2024 landed at $6.9 billion, sliding from $7.4 billion registered a year prior. Meanwhile, year over year, diluted earnings per share declined 6% to $0.83, while revenue climbed 1% to $25.4 billion."Our...
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