Bank of America Corporation reported a solid Q2 earnings per share of $1.22 and announced a 14% increase in its dividend, reflecting strong financial health. Its preferred shares, especially Series GG, provide attractive income opportunities with yields above 6%, though they carry some call risk if interest rates fall. The Series L preferred shares offer additional balance sheet advantages through possible conversion. The analyst maintains a soft buy rating on BAC common shares and recommends a diversified approach to preferred shares for income and capital growth potential.
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...
