Overview: Bank of America (BAC) $Bank of America(BAC)$ stock has faced significant pressure in recent months as Berkshire Hathaway $Berkshire Hathaway(BRK.B)$ , under the direction of Warren Buffett, has been steadily reducing its stake. Since mid-July, Berkshire has sold over $7 billion in BAC shares, contributing to a more than 10% decline in the stock from its 2024 high of $44. Despite these sales, BAC CEO Brian Moynihan remains optimistic, emphasizing the company's stability and continued stock repurchases. Berkshire's Impact on BAC: Berkshire Hathaway’s decision to reduce its stake in Bank of America has had a noticeable impact on the stock
Better YTD and Dividend: Will You Invest Big Banks?
High-dividend stocks are an essential sector in investments. Besides stock price appreciation, dividends can provide investors with stable annual income. Major banks like Goldman Sachs, JPMorgan Chase, and Citigroup, which have achieved YTD returns of 27.6%, 23.49%, and 26.63% respectively, outpacing the S&P 500, Apple and Microsoft. They also offer attractive dividend yields of 2.23%, 2.19%, and 3.25%, which surpass those of top tech stocks. ------------ Big Banks: Better YTD, Better Dividend! Would You Invest? Any other good choice for high dividend and safe plays?
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