CEO snapped up nearly 34 million shares at an average price of about $24 between Monday and Wednesday, meaning he spent about $813 million.Warren Buffett isn't warning about sky-high stocks because he 'doesn't want to make people mad,' veteran investor Bill Smead says
The purchases boosted Berkshire's stake in the banking titan by about 3.6% to nearly 982 million shares, or 11.3% of the company. Berkshire's enlarged holding is worth about $23.9 billion, based on Bank of America's stock price of $24.31 as of Wednesday's close. The bank's shares have plunged 32% this year, meaning Berkshire's stake would have been worth around $35 billion at the start of January.
Buffett has been criticized in recent weeks for failing to deploy Berkshire's massive cash hoard, which ballooned to $137 billion in the first quarter of this year.
This info is not taken from a 13f filing for which we are still waiting... It is further strange because Buffett always mentions he wont exceed 10% ownership in individual financial companies because of regulatory issues...
surprisingly minor add, actually. they have 130 bil and spent less than one?
Buffett extended his existing position in $bac by less than 4%. A minor adjustment, no big deal
Apart from Dangote, are there any other black folks making these kinds of deals ?
Clever
He knows banks will make money off of crypto trading fees and custody services In the future
Thank you. God bless. Means alot.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Bank of America shakes up equities leadership according to memo - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
TikTok: ByteDance US investors consider buying majority stake - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This has to happen imo. Tiktok’s rise and potential for growth is way too important for it to be torn apart due to politis. Bytedance should sell a majority stake to investors that would please both the US and China. It's a CCP controlled APP, not matter how it's reconstructed.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Mike Pompeo says WHO chief was 'bought' by China in secret deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Both countries flinging bullshit at one another. He might be the stupidest person in government, which is quite a distinction. intelligence shows Trump was bought by Putin (among others)
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Secretary of State Mike Pompeo wouldn't rule out the US trying to buy Greenland - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They already occupied it. Why would they sell? They know what they’ve got Orange fluffing
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »