MOYNIHAN BRIAN T sold (to issuer) $935K of BAC

Greg Abel, successor to Warren Buffett at Berkshire Hathaway, has maintained a concentrated portfolio, with seven stocks making up 71% of its $362 billion investments. Key holdings include Apple, American Express, and Coca-Cola, which have been long-term Buffett favorites. Abel has also significantly increased Berkshire's stake in Alphabet and focuses on energy stocks like Chevron and Occidental Petroleum.

Bank of America reported growth across its consumer, wealth, banking, and markets divisions, driven by strong digital and AI capabilities. The company aims for market-share gains and higher returns by 2026, excluding a $1.2B settlement charge. According to the presentation, consumer and institutional activity remains healthy.

Bank of America published a supplementary prospectus on Nov 3, 2026, for its $85B Euro Medium-Term Note Program, approved by the Financial Conduct Authority. The document updates the base prospectus from May 13, 2026, and is available for public inspection.

UBS kept its Buy rating on Bank of America but reduced its price target to $62 from $67, citing a 7.5% decrease. The new target suggests a 25.1% upside from the stock's Nov 2 close of $49.57. Recent analyst notes have set price targets between $58 and $61.

Blackstone, Morgan Stanley, Citi, and Bank of America are providing US$63bn in financing to Anthropic for Broadcom's AI processors and networking equipment. The deal includes US$43.5bn in senior debt and first-lien facilities, with hardware deliveries expected in early 2027. Broadcom offers residual value protection to senior lenders. This follows Anthropic's potential IPO filing amid concerns over deficits and digital safety.

U.S. banks restricted AI agents from customer accounts, stablecoin rewards face case-by-case review, and a community bank group sued to stop crypto firms from obtaining national charters. JPMorgan, Wells Fargo, Citigroup, and Bank of America limited AI agent access due to liability concerns. The OCC finalized a rule banning direct stablecoin yield payments but left third-party rewards open. Coinbase expects flat 2026 expenses excluding USDC rewards growth.