Bank of America reported a strong 34.4% year-over-year growth in Q2 2026 earnings per share (EPS) to $1.22, driven by record net interest income and a 33% rise in trading revenue. UBS raised its price target for the stock to $70 from $68, implying a potential 13% upside from the current price of $61.95. The bank also increased its dividend by 14%, and Goldman Sachs included it in its August Conviction List, signaling strong confidence in the bank's financial health and growth prospects.
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...
