Warren Buffett just made a quick $12 billion on a clever Bank of America investment - Yahoo Finance

Because of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the financial institution's largest shareholder. Buffett 's Berkshire Hathaway said ...

Warren Buffett took leap of faith with Bank of America. Now it's paying off - Charlotte Observer

In August 2011, Warren Buffett's Berkshire Hathaway made a much-needed investment in an ailing Bank of America. Nearly six years later, the famed investor is set to reap a tidy profit for his trouble. Berkshire Hathaway disclosed plans Friday to ...

News Highlights: Top Company News of the Day - Fox Business

Goldman Sachs Asset Management has begun selling some of the $2.8 billion in Venezuelan bonds it acquired in a controversial deal involving the country's central bank. Berkshire Hathaway to Exercise Warrants for 700 Million Bank of America Shares.

Buffett exceeds 'pretty good returns' as bank winnings stack up - The Globe and Mail

Warren Buffett had a simple message for investors as the U.S. financial services industry struggled under the weight of post-crisis regulations, legal settlements and deleveraging: Banks can still be profitable. “You will earn less on capital than was ...

Warren Buffett to Buy 700 Million Shares in Bank of America - U.S. News & World Report

FILE - In this May 2, 2016, file photo, Berkshire Hathaway Chairman and CEO Warren Buffett is interviewed in Omaha, Neb. Buffett's Berkshire Hathaway is buying 700 million shares in Bank of America, making Buffett the largest shareholder in two of the ...

How Warren Buffett bagged a $12 billion profit on bank deal - CBS News

Warren Buffett famously said investors should be "fearful when others are greedy and greedy when others are fearful." His prescient investment in Bank of America (BAC) lives up to that contrarian credo. The storied investor announced Friday that his ...

Warren Buffett's big bank score proves his saying true once again: 'Be greedy when others are fearful' - CNBC

The investing legend followed his own classic advice in making big investments in banks in the wake of the financial crisis. Financials were 30 percent of Berkshire Hathaway's holdings as of the end of March. Those bank holdings will get even bigger ...

Warren Buffett Made $12 Billion This Week With One Brilliant Move - Money Magazine

With one move this week, Warren Buffett's Berkshire Hathaway made a paper profit of $12 billion while becoming the biggest shareholder of Bank of America. CNBC described Buffett's investment maneuver as "quick" and "clever," but it was actually years ...

Warren Buffet becomes BofA's biggest shareholder at $12 billion profit - Nasdaq

Investing.com - Warren Buffett's Berkshire Hathaway (NYSE:BRKa) confirmed Friday that it would exercise warrants to buy 700 million shares of Bank of America common stock after the Federal Reserve approved the bank's plans to hike its dividend by 60 ...

Warren Buffett buys 700 million shares in Bank of America - News Courier

NEW YORK (AP) — Warren Buffett's Berkshire Hathaway is buying 700 million shares in Bank of America, making Buffett the largest shareholder in two of the nation's largest banks. Berkshire said Friday that it will convert warrants purchased in Bank of ...

How Bank of America Landed a Spot in Warren Buffett's 'Big Four' - TheStreet.com

Warren Buffett didn't mention Berkshire Hathaway's "Big Four" investments in his annual letter to shareholders last February, breaking what had become a five-year tradition. The moniker -- a shorthand reference to massive holdings in American Express Co.

Warren Buffett's Bank Of America Rescue Was His Crisis-Era Masterpiece - Forbes

The world's best investor, Warren Buffett, has a knack for celebrating Independence Day in style. Two years ago, Buffett enjoyed the Fourth of July with an extra serving of ketchup, hot dogs and lemonade when Heinz completed its $40 billion takeover of ...

Warren Buffett could make a quick $12 billion on his $5 billion bet on Bank of America - MarketWatch

Warren Buffett is laughing all the way to the bank: Bank of America, that is. By. TomiKilgore. Reporter and editor. Warren Buffett is a great example of how the rich get richer, as his Berkshire Hathaway Inc. investment vehicle can make a quick $12 ...

Berkshire's Warren Buffett Sees $12 Billion Windfall From This Bank - Investor's Business Daily

A canny move by billionaire investor Warren Buffett to invest in troubled banks after the 2008 financial crisis has paid off again. The Berkshire Hathaway (BRKB) chairman will pocket $12 billion from an investment in Bank of America (BAC) six years ago ...

Bank of America: Buffett Wins Again - Barron's

In 2011, Warren Buffett bought preferred shares in Bank of America for $5 billion dollars, shares that paid a 6% dividend. But now with Bank of America's common shares paying out 48 cents--above the 44 cent equivalent in its preferreds--Buffett is ...

Warren Buffett is set to make $12 billion on a single trade (BAC) - Business Insider

Warren Buffett is all set to pull in $12 billion in profits on a single deal with Bank of America. Buffett invested $5 billion in Bank of America in 2011. That move came at a critical time for Bank of America with the company trying to leave behind the ...

Buffett's company to become Bank of America's top shareholder - Reuters

Warren Buffett's company will become the biggest shareholder in Bank of America Corp (BAC.N), after Berkshire Hathaway Inc (BRKa.N) on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly ...

Warren Buffett pocketing $12B profit on six-year-old investment - New York Post

The billionaire's Berkshire Hathaway on Friday moved to capitalize on a rejuvenated Bank of America — and in the process pocketed a tidy $12 billion profit on its nearly six-year old investment. Here's how Buffett did it. In August 2011, with many on ...

Berkshire Hathaway buys Bank of America stock, sees $11.7B profit - UPI.com

Warren Buffett, chairman of Berkshire Hathaway Inc., will see an $11.7 billion profit after his company executes a warrant, announced Friday, to purchase 70 million shares of Bank of America. File Photo by Molly Riley/UPI. | License Photo. June 30 (UPI ...

3 Stocks to Watch on Friday: Bank of America Corp (BAC), Nike Inc (NKE) and Constellation Brands, Inc. (STZ) - Investorplace.com

The broader markets are getting a nice bounce on Friday after yesterday's big dip in equities. The S&P 500 Index is up by about 0.2%, the Dow Jones Industrial Average is up 0.4% and the Nasdaq Composite is tracking marginal improvement. 3 Stocks to ...