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Bank of America Corporation (BAC)

NYSE - NYSE Delayed Price. Currency in USD
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28.12-0.37 (-1.30%)
At close: 04:00PM EDT
28.20 +0.08 (+0.28%)
After hours: 07:59PM EDT
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  • Yahoo Finance Video

    Financial instability could trump inflation: strategist

    The Federal Reserve is still battling stubbornly high inflation, along with new concerns over the state of the country's financial system. The concerns have sparked global jitters and can ultimately "trump the inflation objective in the very near term," Krishna Guha, Evercore ISI Vice Chair, tells Yahoo Finance. The Fed is trying to "walk and chew gum at the same time," he says. Much of Wall Street remains split on the Fed's next move. The bar for pausing and the bar for cutting are "very, very different," Guha says. "The bar for pausing is not that high," while the bar for cutting is "much higher" on both a qualitative and quantitative sense, Guha explains. "You can pause on the expectation that things are going to move in a more disinflationary direction.'re only cutting upon substantial further realized growth in moving toward inflation heading back toward target," he says. "A severe enough episode..could stomp out the Fed's focus on realized inflation progress." You can watch Guha's entire interview with Brad Smith and Julie Hyman here. Key Video Moments 00:00:21: Fed's inflation objective 00:00:47: The bar for pausing vs. cutting

  • Zacks

    Bank of America (BAC) Dips More Than Broader Markets: What You Should Know

    Bank of America (BAC) closed at $28.12 in the latest trading session, marking a -1.3% move from the prior day.

  • Motley Fool

    Warren Buffett Owns a Lot of Stocks -- Here's the 1 I'm Most Excited About

    With the banking sector in crisis and Warren Buffett being very well versed in the industry, there's been a lot of speculation circulating about how Buffett's company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) might invest in regional bank stocks. It's certainly possible, but if investors are looking for ideas right now, they need to look no further than Berkshire's existing portfolio. While Berkshire owns many stocks in many industries, the one I'm most excited about is Bank of America (NYSE: BAC), which is the second-largest position in Berkshire's portfolio, although it has sold off intensely along with the rest of the banking sector.