$BAC

Bank of America analysts say their consumer data shows a “great convergence” in U.S. spending, narrowing the prior K-shaped recovery. BofA reports discretionary spending growth converging near 5% YoY across lower, middle, and most higher-income households, while the top 5% still spend about 1.5 percentage points faster. BofA links stronger lower-income after-tax wage growth to job switching and notes Fed hikes could affect lower-income credit.

Berkshire Hathaway increased its Alphabet stake, buying about 48.1 million shares in Q2 to reach about 106 million shares worth about $37.76B as of June 30, following a June plan for a $10B Alphabet stock investment. It also raised US homebuilder holdings, including Lennar and a new DR Horton position, after buying Taylor Morrison. Berkshire trimmed positions in Kroger, Nucor, DaVita, exited Constellation Brands, and reduced Bank of America, Ally Financial, and Capital One.

Berkshire Hathaway’s Q2 13F, filed Aug. 14, shows it was a net buyer of about $19.8B in US stocks, buying $23.5B and selling $3.7B. The portfolio totals $299.3B across 29 companies. Alphabet (GOOGL/GOOG) was a major focus, with the stake worth about $36.6B. Berkshire added D.R. Horton (DHI) and eliminated Constellation Brands (STZ).

Cboe Options Exchange is running weekend system readiness tests for extended trading hours on single-stock equity options. The SEC approved Cboe’s rule filing on May 28, 2026, with a production launch targeted for July 13, 2026. Weekend tests run May 30, June 27, July 11, and Aug 15, 2026, and initial rollout covers about 20 symbols including AAPL, NVDA, TSLA, AMZN, AVGO, AMD, BAC, and BABA.

Bank of America (BAC) agreed to acquire up to a 49.9% stake in Jio Credit Limited for about $1.9b, expanding into India’s consumer finance market. It also launched a Critical Infrastructure Finance Initiative committing $250b to U.S. infrastructure projects over 18 months, spanning energy, transport and digital infrastructure.

Berkshire Hathaway said it spent about $20B on other equities in Q2, repurchased about $4.5B of its own stock, and held $365.5B cash at midyear. It added to Alphabet (GOOGL) and Delta Air Lines (DAL), and disclosed other 13F changes including trims to Bank of America (BAC) and Kroger (KR).

Berkshire Hathaway’s Greg Abel, after Warren Buffett’s Dec. 31 CEO retirement, reduced its Bank of America stake for an eighth straight quarter, cutting shares by about 53% to roughly 549.5 million fewer shares, according to Berkshire’s latest 13F. Berkshire also increased Alphabet holdings for a second quarter, buying about 24.5M GOOGL and 23.6M GOOG shares, making Alphabet its third-largest holding.

Berkshire Hathaway (BRK.B) reported Q2 portfolio changes in an Aug. 14 SEC filing. It was a net buyer of equities, buying $19.8B vs $3.7B sold, and repurchased $4.5B of its own stock. Berkshire increased Alphabet (GOOGL/GOOG) and added D.R. Horton (DHI), while trimming Bank of America (BAC), Kroger (KR), Ally (ALLY), Capital One (COF), Nucor (NUE) and fully exiting Constellation Brands (STZ).

Berkshire Hathaway said in its Q2 SEC filing it increased its Alphabet stake by about 48 million shares, raising the combined GOOGL/GOOG position to about 106 million shares. It also added Delta Air Lines and small positions in D.R. Horton and others, while exiting Constellation Brands and trimming Bank of America by about 30 million shares. Berkshire’s equity portfolio rose to about $299B from $263B.

Berkshire Hathaway increased its Alphabet stake 83% to about 106 million shares, worth nearly $38 billion at June 30, after agreeing to buy $10 billion of Alphabet stock in a June private placement and buying 19.6 million shares on the open market, according to a portfolio disclosure. Berkshire also bought net $20 billion of stocks in Q2.