Bank of America announced it will redeem all outstanding $2 billion of its 5.526% Senior Bank Notes and $600 million of its Floating Rate Senior Bank Notes on July 17, 2026. The redemption price will be 100% of the principal plus accrued interest up to the redemption date. Interest will stop accruing on the redemption date, and payments will be made through The Depository Trust Company. This move affects investors holding these notes due in August 2026 and signals Bank of America's management of its debt maturity profile.
Apple's stock reached an all-time high in 2026, rising over 16% year-to-date due to the AI boom boosting product sales. A $10,000 investment at the start of the year grew to $11,603 by late August, including dividends. The company reported strong Q3 ...
Bank of America (BAC) preferred shares Series NN and QQ currently yield 6.6%, providing an attractive income option compared to long-term U.S. Treasuries. The bank's solid operating results, including rising net interest income and steady loan growth...
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highligh...
