Golden Finance reports that the U.S. stock market opened, with the Dow rising 0.11%, the S&P 500 index rising 0.15%, and the Nasdaq rising 0.1%. Bank of America (BAC.N) rose 4.2%, with Q1 net profit increasing by 11% year-on-year, and both net interest and stock trading revenue exceeding expectations. Citigroup (C.N) rose 1.4%, with Q1 revenue increasing by 3% year-on-year, with all five business lines showing growth. Netflix (NFLX.O) rose nearly 2%.

Golden Finance reported that the CEO of Bank of America (BAC.N) stated that the bank expects the economy not to experience a recession, and inflation will remain low. The path to non-recessionary economy is uncertain, with many unknown factors still in existence.

Golden Finance reported that Berkshire Hathaway, owned by Buffett, has again sold $383 million worth of stocks in Bank of America (BAC.N) over the past three trading days, according to the latest regulatory filing submitted by the company.

Federal Reserve Vice Chairman Powell said that regulators will make sweeping changes to the bank capital rules proposal, cutting the expected impact on the largest banks in half and exempting most measures for smaller banks. The revised proposal may ease major concerns for Wall Street banks. The complete revision is expected to be released on September 19th.

NVIDIA will host GTC 2025 on March 17, featuring 1,000 sessions, 2,000 speakers, and nearly 400 exhibitors. An attractive update is expected on the Blackwell Ultra, likely with a focus on inference models. Mizuho Securities analysts speculate that a new quantum computing product roadmap may be released. CEO Jensen Huang believes that it will take 10-20 years to put a quantum computer into practice, which is relatively conservative compared to the 5-10 year timeline of Google's CEO.

Jinshi data, August 20 news, Berkshire Hathaway sold $550.7 million worth of shares in Bank of America (BAC.N).

Golden Finance reported that JPMorgan (JPM.N) fell 3.1% pre-market, Wells Fargo (WFC.N) fell 1.6%, Goldman Sachs (GS.N) fell 1.6%, Morgan Stanley (MS.N) fell 3.7%, Citigroup (C.N) plummeted 4.5%, Bank of America (BAC.N) big dump 4.4%.

On August 5th, JPMorgan (JPM.N) fell 3.1% pre-market, Wells Fargo (WFC.N) fell 1.6%, Goldman Sachs (GS.N) fell 1.6%, Morgan Stanley (MS.N) fell 3.7%, Citigroup (C.N) plummeted 4.5%, Bank of America (BAC.N) had a big dump of 4.4%.

Golden Finance reported that the three major US stock indexes have all turned positive, with the Dow Jones rising by 0.57%. Bank stocks are generally rising, with Wells Fargo (WFC.N) rising by 5.7%, Bank of America (BAC.N) and JPMorgan Chase (JPM.N) rising by over 5%, Citigroup (C.N) rising by over 3%, and Bank of New York Mellon (BK.N) rising by over 2%.

Warren Buffett's Berkshire Hathaway continues to reduce its stake in Bank of America, with this round of reductions totaling $338 million, at an average selling price of $39.4 per share, the lowest since mid-July. Buffett did not specify the reason for the reduction, but he remains the largest shareholder of Bank of America, holding 10.2% of the shares, worth over $31 billion.

Golden Finance reported that according to the U.S. Securities and Exchange Commission, Berkshire Hathaway sold approximately 11.7 million shares of Bank of America (BAC.N) common stock between September 25 and September 27, with a transaction amount of about $460.66 million.

According to official sources, Ultiverse, an AI and game publishing platform, announced on X platform that it will conduct a lightning-fast snapshot of ULTI stakers' addresses within 24 hours. The winner will receive BAC.

On September 26, Jinshi data, Buffett's Berkshire Hathaway (BRK.A.N, BRK.B.N) latest filing on Tuesday showed that the company dumped more shares of Bank of America (BAC.N), cashing out about $9 billion since July. Data shows that Berkshire Hathaway currently holds 10.5% of the shares of this large American bank, worth $32.13 billion. If the shareholding drops below 10%, it will no longer need to report the sale of equity on a regular basis.