Bank of America has seen its share price struggle post its 2022 peak of $50 due to insider selling, high interest rates, and regulatory pressures.
The looming Basel III deadline in October 2024, requiring 16% retained capital, poses significant challenges for Bank of America's ongoing operations and financial strategies.
Bank of America's CEO has made cuts to operations to improve efficiency, but recent high-profile insider shares sales and regulatory challenges may hamper future growth.
Warren Buffett's offloading of $6 billion in Bank of America shares has raised investor concerns about the bank's future performance amidst regulatory and market pressures.
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