BAC
NYSE:BAC
Bank of America Corporation
- Stock
40.17
+0.73%
−7.33
news - 3 hours ago
Berkshire Hathaway’s (BRK.B) New Mystery Stock Is About to Be Revealed
Berkshire Hathaway, led by Warren Buffett, is set to reveal the name of a newly acquired publicly traded industrial company in a regulatory filing with the U.S. Securities and Exchange Commission on August 14. The company is believed to have invested approximately $5 billion in the industrial firm, which was previously hidden in quarterly filings. Buffett has a history of shielding the identities of new investments to prevent market manipulation. The upcoming disclosure follows the SEC's requirement to disclose all U.S.-listed equity holdings at mid-year. Analysts note that the filing may also indicate further sales of Bank of America stock, following a nearly 40% reduction in its stake since July 2024. The previous mystery stock, Chubb, was acquired in late 2023 and early 2024 with a $7 billion stake. Currently, only one analyst provides a rating on BRK.B’s class B stock, and the stock has declined by 9.21% over the past 12 weeks.
tipranks.comnews - 3 hours ago
ING Groep NV Has $1.61 Million Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)
ING Groep NV increased its stake in Keysight Technologies Inc. by 111.4%, now holding 10,714 shares valued at approximately $1.6 million. Several other institutional investors, including Central Pacific Bank Trust Division, Manchester Capital Management LLC, Smithfield Trust Co, Haven Private LLC, Argent Trust Co, and Liberty Wealth Management LLC, also increased their holdings in the company. Keysight Technologies reported stronger-than-expected earnings, with $1.70 EPS and $1.32 billion in revenue, exceeding analyst estimates. The company received upgraded analyst ratings, including from JPMorgan Chase & Co., Bank of America, and Morgan Stanley, with a consensus 'Moderate Buy' rating and an average price target of $187.50. The stock traded down to $163.98 on Monday, with a market cap of $28.22 billion and strong financial metrics including a quick ratio of 2.75 and a return on equity of 19.65%. The company serves industries such as communications, aerospace, defense, automotive, and semiconductor markets globally.
marketbeat.comnews - Aug 12, 2025 - 23:26
Truist Financial Issues Pessimistic Forecast for Wendy's (NASDAQ:WEN) Stock Price
Truist Financial assigned a $13.00 price target and a 'buy' rating to Wendy's stock, suggesting a 28.59% upside from its previous close. Other analysts have provided varied ratings and price targets, including Morgan Stanley's 'underweight' and $11.00 target, UBS's 'neutral' and $11.00 target (down from $14.00), Bank of America's lowered target to $11.00 with a 'buy' rating, JPMorgan Chase's reduced target to $13.00 with an 'overweight' rating, and Guggenheim's downgrade to 'neutral'. Wendy's reported quarterly earnings of $0.29 per share, exceeding estimates, with revenue of $560.93 million and a 1.7% year-over-year decline. The company achieved a net margin of 8.63% and a return on equity of 103.07%. Insiders, including the CMO, have increased their holdings, with the CMO acquiring 5,050 shares at $11.68 per share. Hedge funds such as Farther Finance Advisors LLC, Caitong International Asset Management Co. Ltd, Signaturefd LLC, and GAMMA Investing LLC have increased their stakes in the company. The stock currently has a market cap of $1.94 billion, a P/E ratio of 10.53, and a beta of 0.31. The consensus rating is 'Hold' with a consensus price target of $13.87.
marketbeat.comnews - Aug 12, 2025 - 23:07
Prudential PLC Grows Position in Tesla, Inc. (NASDAQ:TSLA)
Prudential PLC increased its stake in Tesla, Inc. by 3.2% in the first quarter, owning 265,314 shares worth $68.76 million, which represents approximately 0.3% of its investment portfolio and is its 22nd largest holding. Tesla reported a quarterly EPS of $0.40, below analyst expectations of $0.43, with revenue of $22.50 billion, down 11.8% year-over-year. The company achieved a net margin of 6.54% and a return on equity of 7.98%. Several hedge funds also adjusted their Tesla positions, with Cherry Tree Wealth Management, First PREMIER Bank, Newton One Investments, Arcadia Investment Management Corp MI, and True Wealth Design LLC increasing their holdings. Tesla's stock traded at $339.03, with a market cap of $1.09 trillion, a PE ratio of 195.97, and a beta of 2.33. Analysts have set varied price targets, with Benchmark raising its target to $475.00 and Bank of America to $341.00, while others hold or downgrade. Insiders sold a total of 602,724 shares worth $214.18 million over the quarter, representing 20.70% of Tesla's stock.
marketbeat.comnews - Aug 12, 2025 - 19:14
5 Best Checking Accounts For Recent College Grads
The article provides a comparative review of the top five checking accounts suitable for recent college graduates, emphasizing fee-free banking, mobile accessibility, interest earnings, and financial tools to support early financial stability. It highlights key features such as no monthly fees, early direct deposit, ATM access, and budgeting tools, and recommends accounts based on user needs like digital-first preferences, branch access, or investment integration. The piece also offers guidance on selecting a checking account by evaluating essential features and suggests pairing checking with high-yield savings to build an emergency fund.
bankrate.comDescription
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and inter...Show More
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