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

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

Charlotte ObserverWarren Buffett took leap of faith with Bank of America. Now it's paying offCharlotte ObserverIn 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 ...and more »

BOA investment nets Warren Buffett $12 billion profit - WCNC;

BOA investment nets Warren Buffett $12 billion profit - WCNC

WCNCBOA investment nets Warren Buffett $12 billion profitWCNCWarren Buffett took a chance on Bank of America and it is about to pay off to the tune of $12 billion dollars. The billionaire will exercise several warrants obtained six years ago that were a vote of confidence in the bank while its shares were ...and more »

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

News Highlights: Top Company News of the DayFox BusinessGoldman 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.and more »

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

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

The Globe and MailBuffett exceeds 'pretty good returns' as bank winnings stack upThe Globe and MailWarren 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 ...and more »

Warren Buffett to buy 700 million shares in Bank of America - Press Herald;

Warren Buffett to buy 700 million shares in Bank of America - Press Herald

Press HeraldWarren Buffett to buy 700 million shares in Bank of AmericaPress HeraldNEW YORK – Warren Buffett's Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation's largest banks.and more »

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

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

CNBCWarren Buffett's big bank score proves his saying true once again: 'Be greedy when others are fearful'CNBCThe 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 ...and more »

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

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

NasdaqWarren Buffet becomes BofA's biggest shareholder at $12 billion profitNasdaqInvesting.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 ...and more »

Warren Buffett buys 700 million shares in Bank of America - Colorado Springs Gazette

Warren Buffett buys 700 million shares in Bank of AmericaColorado Springs Gazettephoto - FILE - In this May 2, 2016, file photo, Berkshire Hathaway 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 ...and more »

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

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

TheStreet.comHow Bank of America Landed a Spot in Warren Buffett's 'Big Four'TheStreet.comWarren 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.and more »

Warren Buffett pocketing $12B profit on six-year-old investment - Forex Factory

Warren Buffett pocketing $12B profit on six-year-old investmentForex FactoryWarren Buffett has proven again why he is America's most astute investor. 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 ...and more »

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

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

Investor's Business DailyBerkshire's Warren Buffett Sees $12 Billion Windfall From This BankInvestor's Business DailyA 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 ...and more »

Bank of America: Buffett Wins Again - Barron's;

Bank of America: Buffett Wins Again - Barron's

Barron'sBank of America: Buffett Wins AgainBarron'sIn 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 ...and more »

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

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

Business InsiderWarren Buffett is set to make $12 billion on a single trade (BAC)Business InsiderWarren 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 ...and more »

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

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

ReutersBuffett's company to become Bank of America's top shareholderReutersWarren 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 ...and more »

Berkshire Hathaway buys Bank of America stock, sees $11.7B profit - Newsline;

Berkshire Hathaway buys Bank of America stock, sees $11.7B profit - Newsline

NewslineBerkshire Hathaway buys Bank of America stock, sees $11.7B profitNewslineJune 30 (UPI) — Berkshire Hathaway Inc. will be Bank of America's largest stockholder and will receive a profit after announcing Friday it plans to purchase 700 million shares. Berkshire will use its $5 billion in Bank of America preferred stock to ...and more »

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

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

Investorplace.com3 Stocks to Watch on Friday: Bank of America Corp (BAC), Nike Inc (NKE) and Constellation Brands, Inc. (STZ)Investorplace.comThe 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 ...and more »

Buffett's Berkshire to Become Bank of America's Biggest Holder -- 3rd Update - Morningstar.com

Buffett's Berkshire to Become Bank of America's Biggest Holder -- 3rd UpdateMorningstar.comWarren Buffett's firm Berkshire Hathaway Inc. said Friday that it would buy 700 million Bank of America Corp. shares via warrants at below-market prices, a deal that places the firm as the bank's largest shareholder. The move was expected after the ...and more »

Berkshire To Be Largest Bank of America Shareholder - Investopedia;

Berkshire To Be Largest Bank of America Shareholder - Investopedia

InvestopediaBerkshire To Be Largest Bank of America ShareholderInvestopediaThe Warren Buffett-owned company plans to make the purchase at below-market prices through warrants that expire in 2021. The move comes after Bank of America, along with many other large U.S. banks, increased dividends after passing the Federal ...and more »

Berkshire Hathaway Inc. (BRK.B) To Soon Become Largest BAC Shareholder - StockNews.com (blog)

Berkshire Hathaway Inc. (BRK.B) To Soon Become Largest BAC ShareholderStockNews.com (blog)BRK.B – Once it completes a share swap in the near future, Berkshire will become the largest single shareholder in Bank of America. Jun 30, 2017 | 9:47am | By StockNews.com Staff · Corp. News. Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.and more »

Fed stress tests give $1.6bn boost to Buffett - Financial Times;

Fed stress tests give $1.6bn boost to Buffett - Financial Times

Financial TimesFed stress tests give $1.6bn boost to BuffettFinancial TimesWarren Buffett's backing of beaten-down US banks is poised to pay big dividends in the wake of the industry's stress test success — $1.6bn of dividends, to be precise. The revered investor is to become one of the largest individual beneficiaries of ...and more »