The Motley Fool

AUGUST 13, 2024

Image source: Getty Images Banking options used to be pretty limited. You picked a bank with a branch where you lived, and you probably used it for all your accounts. If you don't mind online banking, there are plenty of high-yield savings accounts paying as much as 5.31%. Many people end up with accounts at multiple banks.

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The Motley Fool

JULY 31, 2024

Image source: Getty Images If you're getting ready to deposit $15,000 in your bank account , there's something you should know before you head to the bank. These rules are established by the Bank Secrecy Act. Specifically, when you make a big deposit, the bank has to complete a form called the Currency Transaction Report.

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Banks Accounting Financial Institutions Taxes 49

The Motley Fool

JULY 23, 2024

On Friday, July 19, Berkshire Hathaway filed a Form 4 with the Securities and Exchange Commission detailing trading activity in one of Buffett's core holdings, Bank of America (NYSE: BAC). From July 17 through July 19, Berkshire's brightest investment minds sold 33,890,927 shares of Bank of America stock, totaling $1.476 billion.

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Banks Stakes Taxes Shareholders 244

The Motley Fool

MAY 22, 2024

Image source: The Motley Fool/Upsplash Tax returns were due this year on April 15. The good thing about a tax extension is that it gives you six extra months to get your return over to the IRS without incurring a failure-to-file penalty. Let's say you overpaid your taxes by $3,000 and file your taxes two months late.

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Taxes Returns Debt Banks 242

The Motley Fool

JULY 1, 2024

Image source: Getty Images If you have $10,000 or more to deposit at your bank, you're probably eager to get it into your account where the funds will be safe and accessible. Banks are required to keep records of these transactions and to make reports of them as part of an effort to stop behaviors such as money laundering and tax evasion.

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Banks Accounting Legal Taxes 243

Private Equity Insights

JANUARY 7, 2025

The firm is a trusted advisor to more than 15,000 clients globally through its tax, advisory and accounting services. Deutsche Bank Securities Inc. is in discussions with banks for a five-year loan of about. We look forward to seeing Citrin Cooperman continue to thrive for the benefit of all its clients and stakeholders.”

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Accounting Private Equity Firms Private Equity Firms Legal 246

The Motley Fool

SEPTEMBER 22, 2024

Berkshire Hathaway CEO Warren Buffett has long been a fan of bank stocks. In fact, the banking/insurance sector has likely been the sector he's invested the most in over his career. In recent years, Bank of America (NYSE: BAC) has been Berkshire's No. 1 holding among bank stocks, but that seems to be changing.

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Banks Conglomerates Stakes Assets 246

The Motley Fool

NOVEMBER 29, 2024

In fact, he's made some big sales of two of Berkshire's largest stock holdings in recent quarters, Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC). Buffett has also turned his attention to Berkshire's stake in Bank of America recently. billion worth of shares in the bank stock. Here's what investors need to know.

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Banks Stakes Taxes Investing 245

The Motley Fool

JULY 30, 2024

million shares in Bank of America (NYSE: BAC) , its second-largest holding, over the course of six days in late July. bank since 2019. Bank of America (BofA) stock has performed well since Berkshire first invested in it in 2011, returning around 12% compounded annually. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B)

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Banks Investors Stakes Assets 239

The Motley Fool

SEPTEMBER 14, 2024

Warren Buffett has aggressively sold shares of Bank of America since mid-July Let me preface this discussion by stating as plainly as possible that the Oracle of Omaha strongly believes in the American economy and would never bet against it. billion-share stake in money-center goliath Bank of America (NYSE: BAC). 1, as well as Aug.

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Securities and Exchange Commission (SEC) Banks Stakes Taxes 246

The Motley Fool

OCTOBER 30, 2024

This selling activity has been particularly pronounced among his company's top investment holdings, including money-center colossus Bank of America (NYSE: BAC). Since July 17, Buffett's company has disclosed 16 separate Form 4 filings concerning Bank of America. since January 1871.

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Securities and Exchange Commission (SEC) Banks Stakes Initial Public Offering 246

The Motley Fool

AUGUST 5, 2024

Warren Buffett has sold shares of Bank of America stock for 12 consecutive trading sessions For years, banking giant Bank of America (NYSE: BAC) has maintained its standing as the second-largest holding in Berkshire's 44-stock, $395 billion investment portfolio , behind only tech stock Apple (NASDAQ: AAPL).

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Securities and Exchange Commission (SEC) Banks Stakes Shareholders 246

The Motley Fool

NOVEMBER 7, 2024

Berkshire continued to sell down its largest equity holdings Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) in significant fashion. Additionally, Berkshire sold another several billion dollars worth of Bank of America, which had been the conglomerate's second-largest holding. In the third quarter, Bank of America had $85.7

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Banks Conglomerates Stakes Taxes 246

The Motley Fool

NOVEMBER 4, 2024

The Oracle of Omaha has dumped more than a quarter of Berkshire's stake in BofA since mid-July Though no holding in Berkshire's 43-stock, $312 billion portfolio has been sold down more noticeably in 2024 than Apple , it's the recent and persistent selling activity in Bank of America (NYSE: BAC) that's rightly raising eyebrows on Wall Street.

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Securities and Exchange Commission (SEC) Banks Stakes Shareholders 246

The Motley Fool

JULY 29, 2024

2 holding Bank of America (NYSE: BAC) fast enough. Form 4 filings show that 33,890,927 million shares of BofA stock (as Bank of America is more commonly known) were sold from July 17 through July 19. Altogether, 52,790,445 shares of Bank of America, totaling almost $2.3 Should you invest $1,000 in Bank of America right now?

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Banks Stakes Shareholders Taxes 246

The Motley Fool

NOVEMBER 5, 2024

Last quarter, he turned his attention to Bank of America as well. Banks typically partner with a third-party payment network like Visa or Mastercard to process payments whenever someone uses, or swipes, their credit card. Since the end of June, he has sold 26% of what was Berkshire's second-largest position.

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Banks Stakes Enterprise Values Amortization 246

The Motley Fool

FEBRUARY 4, 2025

Amex is a much different credit card issuer than other banks. A portion of that fee goes to the issuing bank, a portion goes to the payment network, and a portion goes to the payment processor. A portion of that fee goes to the issuing bank, a portion goes to the payment network, and a portion goes to the payment processor.

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Portfolios Stakes Investing Shareholders 234

The Motley Fool

APRIL 11, 2025

Learn More Ares Capital fills a hole left by banks Ares Capital Corporation is a business development corporation (BDC) that provides financing to middle-market companies -- those with earnings before interest, taxes, depreciation, and amortization ( EBITDA ) ranging from $10 million to $250 million.

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Capital Banks Debt Taxes 246

The Motley Fool

JULY 24, 2024

billion of Berkshire Hathaway's second-largest equity holding, Bank of America (NYSE: BAC). reduction in Berkshire's stake in the bank but could be just the start. There's no doubt Bank of America has been a very successful investment for Buffett and Berkshire Hathaway shareholders. Should you buy or sell Bank of America stock?

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Securities and Exchange Commission (SEC) Banks Taxes Liabilities 246

The Motley Fool

SEPTEMBER 9, 2024

If you invest it, you stand to grow it much more than if you kept it in an FDIC-insured bank account -- the stock market has returned an average of about 10% annually over the last 50 years. Depending on how long you've held the investments in question and if you've made any gains on them, you could owe a fair bit in taxes.

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Stock Market Stock Market Funds Taxes 245

The Motley Fool

DECEMBER 9, 2024

The non-GAAP tax rate for the quarter was actually 20.1%, which is higher than my 19% guidance. Even as higher tax rate lowered EPS by $0.02, we still hit the high end of my constant currency guidance. Lastly, my EPS guidance for Q3 assumes a base tax rate of 19%. Absolutely, we did better. Next question? Your line is open.

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Taxes Banks Investors Liabilities 245

The Motley Fool

SEPTEMBER 7, 2024

That's why we know Buffett's been selling Berkshire's stake in Bank of America (NYSE: BAC). Here's why Buffett may be selling Bank of America stock. Making a bank withdrawal At last year's Berkshire Hathaway shareholder meeting, Buffett expressed his concerns about the banking industry. After selling $3.8

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Banks Taxes Shareholders Stakes 246

The Motley Fool

APRIL 1, 2025

That lease structure requires that tenants cover all operating expenses, including routine maintenance, real estate taxes, and building insurance. You'll be laughing all the way to the bank Realty Income, Brookfield Renewable, and Verizon aren't joking around when it comes to paying dividends.

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Taxes Banks Portfolios Capital 235

The Motley Fool

OCTOBER 3, 2024

Tax concerns may be another reason For shareholders, the best possible reason for the sales would be if Michael Dell were selling for personal reasons or tax reasons. The tax issue looms, as capital gains tax rates may go up under a new administration next year. Still, AI server margins are worth monitoring going forward.

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Investors Taxes Shareholders Banks 246

The Motley Fool

SEPTEMBER 16, 2024

Buffett's stated reasoning for that move was that he wanted to take advantage of the current corporate tax rate. Under the 2017 tax law that cut corporate tax rates to their current level, the cuts are set to expire at the end of 2025, so he naturally expects them to increase in 2026 and beyond. billion worth of the bank stock.

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Portfolios Investing Taxes Banks 246

The Motley Fool

AUGUST 24, 2024

But many are struggling to make ends meet and approaching retirement with very little in their bank or brokerage accounts. Make the most of tax-advantaged accounts such as IRAs or 401(k)s. According to the Bank of America, Medicare covers about two-thirds of the total cost of healthcare. You can make tax-free contributions.

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Debt Taxes Banks Financing 246

The Motley Fool

AUGUST 9, 2024

Tax management After Berkshire's 13-F filing in May showed that the company had sold more than 116 million shares of Apple, cutting its stake by 13%, Buffett addressed the move at the annual shareholder meeting in May. Jeremy Bowman has positions in Bank of America. Image source: The Motley Fool.

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Stakes Taxes Conglomerates Banks 246

The Motley Fool

MAY 16, 2024

These deposit requirements vary by bank , but I've seen them as low as $0 and as high as $50,000. T-bills have almost identical rates -- but with an added tax benefit Treasury bills (T-bills) are issued by the U.S. One small note: You can't buy T-bills like you would a CD through a bank. government up to any amount.

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Taxes Banks Accounting Stock Market 245

The Motley Fool

AUGUST 5, 2024

Bank of America Anyone keeping tabs on Buffett or Bank of America (NYSE: BAC) of late probably already knows that Berkshire's been selling off sizable chunks of its BofA holding. These sales superficially suggest Buffett and his team of managers are souring on Bank of America's prospects. On the surface it's a red flag.

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Banks Taxes Stakes Prospects 246

The Motley Fool

NOVEMBER 8, 2024

After selling more of Berkshire's equity portfolio, including massive portions of its stakes in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) , the company ended the third quarter with a record $325 billion in cash and Treasury bills on its balance sheet. The current corporate tax rate is set to revert from 21% to 35% after 2025.

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Investors Stakes Banks Taxes 246

The Motley Fool

MAY 4, 2024

There seems to be something about living together as a couple, combining two incomes and other resources, and enjoying some unique tax benefits , that can make marriage a good way to build wealth. Married people can get some tax advantages It's not entirely accurate to say that "married couples get tax breaks."

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Taxes Financing Finance Accounting 246

The Motley Fool

OCTOBER 1, 2024

You can open these with many brokers and some banks, too. They give you the freedom to invest your money however you'd like, and you also get a say in when you pay taxes on your funds. Traditional 401(k)s give you an upfront tax break when you make your contributions, but you pay taxes on your withdrawals.

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Taxes Accounting Banks Funds 245

The Motley Fool

JANUARY 6, 2025

The result included a 264 million after-tax charge for litigation expense as a result of a verdict the company intends to appeal. Excluding an approximate 265 million after-tax charge related to the litigation accrual, adjusted earnings for the quarter totaled 88.5 Sathish Kasinathan -- Bank of America Merrill Lynch -- Analyst Yeah.

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Securities and Exchange Commission (SEC) Capital Banks Shareholders 246

The Motley Fool

OCTOBER 20, 2024

The firm's latest shedding of Bank of America stock brings the total sold to nearly $10 billion in just a few months -- almost a quarter of its original stake. After the last sale of almost 10 million shares, Berkshire now owns just shy of 10% of the bank and no longer has to report transactions in a timely manner. central investments?

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Securities and Exchange Commission (SEC) Banks Shareholders Stakes 245

The Motley Fool

SEPTEMBER 13, 2024

They came by the money legitimately, yet their bank is legally required to report the deposit by filing a Currency Transaction Report (CTR). Thanks to the Bank Secrecy Act of 1970 and the PATRIOT Act of 2001, banks are the first line of defense against financial crimes like money laundering. These are the "Smurfs."

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Accounting Banks Legal Taxes 246

The Motley Fool

OCTOBER 28, 2024

In May, during Berkshire's annual shareholder meeting, Buffett suggested that corporate tax rates were likely to climb, and used this as something of a pivot to explain his company's recent selling of Apple stock. He believes shareholders will, in hindsight, value Berkshire Hathaway locking in sizable gains at a lower tax rate.

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Portfolios Investing Banks Exchange-Traded Funds 246

The Motley Fool

SEPTEMBER 18, 2024

During Berkshire Hathaway's annual shareholder meeting in May, Buffett suggested that corporate tax rates were liable to increase in the future, and hinted at this thesis as his reasoning for selling a significant stake in Apple. Bank of America: $33.2 The primary lure to bank stocks, as discussed earlier, is that they're cyclical.

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Portfolios Investing Banks Stakes 245