Bank of America It is one of the large US banks and one of the large positions in the portfolio of Berkshire Hathaway, owned by Warren Buffett. With 1,032,852,006 shares and a dividend rate of $0.96 per share, you will obtain a total of $991,537,925.76 in annual income in 2024. Which give an average of earnings of $2,709,120 per dayaccording to Kevin Vandenboss at Yahoo Finance.
The Buffett’s stake in America’s second-largest bank dates back to 2007, and his company now owns an impressive 13.08% of the company. In fact it is Berkshire Hathaway’s second largest holding and represents approximately 10% of its portfolio. The only action that surpasses it is Manzana, which represents just over 50% of the company’s portfolio. Berkshire Hathaway owns 905,560,000 shares of Steve Jobs’ firm, which has an anticipated annual dividend payment of $0.96 per share, translating into total annual dividend income of $869,337,600 from the tech giant.
The recent analyst ratings for Bank of America have been positive: Wolfe Research, BMO Capital and Oppenheimer published their reports on April 19, 2024, April 18, 2024, and April 17, 2024, respectively. The average price target of these three analysts is $41.33, implying a potential upside of 7.79% for the stock.
Bank of America’s 70 and 200 period moving averages remain below the price, RSI down at 62 points and MACD lines above the zero level.
Medium-term resistance is at $38.49. Meanwhile, Ei indicators are mostly bullish.
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