|Bid||31.50 x 1200|
|Ask||31.71 x 36100|
|Day's Range||31.21 - 32.09|
|52 Week Range||29.67 - 50.11|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||9.92|
|Earnings Date||Oct 17, 2022|
|Forward Dividend & Yield||0.88 (2.77%)|
|Ex-Dividend Date||Sep 01, 2022|
|1y Target Est||42.07|
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Since hitting a record high during the first week of January, the broad-based S&P 500 has gone on to lose as much as 24% of its value and delivered its worst first-half performance in 52 years. The growth stock-focused Nasdaq Composite has performed even worse, with a peak-to-trough decline of 34% since mid-November. This is something Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett knows all too well.
Insiders seem to have made the most of their holdings by selling US$6.0m worth of Bank of America Corporation...
As Federal Reserve Chairman Jerome Powell seems almost intent on causing economic pain with a series of aggressive rate hikes to quell inflation, investors are wary that a recession would cause trouble for the banks. The market has already been discounting an adverse economic scenario for banks, ignoring the offsetting benefits of higher interest rates on net interest income. Bank of America's CFO spoke at a conference on Tuesday, giving confidence in the strength of the franchise and its customers.