Berkshire Hathaway, under Warren Buffett's last quarter as CEO, sold big chunks of Bank of America and Apple shares while starting a new stake in The New York Times.
Bank of America surpassed expectations, reporting a profit of $7.6 billion. High interest and trading helped, and the CEO remains optimistic.
Huntington Bancshares acquires Cadence Bank for $7.4 billion, expanding into Texas with 400 branches across 21 states amid regional banking consolidation wave.
Bank of America's Q3 results beat expectations. Profit soared due to huge investment banking fees earned from advising on corporate "mega deals."
Major banks are competing for lead roles in what could be history's largest IPO as Trump administration plans to take Fannie Mae and Freddie Mac public, with Goldman Sachs, JPMorgan, and others vying for position.
