Bank of America Corporation reported strong Q2 2026 results, surpassing expectations with a net interest income of $16.2 billion, up $300 million sequentially. The growth was driven by favorable changes in deposit and loan mix and a shift toward higher-yielding loans. The bank's shares trade above the 3-year average price-to-book ratio, with potential for further gains if the Federal Reserve maintains or raises interest rates in 2026. Solid asset quality and consumer strength support a positive outlook for continued earnings growth led by net interest income.
Bank of America is contributing $250,000 to the American Red Cross to support relief efforts for families and communities affected by wildfires in Spokane, Washington, and other Western states. The funds will provide emergency shelter, meals, supplie...
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, invested about $17 billion in Alphabet during Q2 2026, making it a core holding. This move aligns with Alphabet's strong fundamentals, including 24.2% revenue growth and a low valuation. Ab...
In Q2 2026, Berkshire Hathaway sold 4.15 million shares of Capital One, reducing its stake by 58%, while Third Point increased its holdings by 685,000 shares. Berkshire also reduced exposure to other consumer credit firms like Bank of America and All...
