Buffett has been granted special permission to more than double his Bank of America stake to 24.
9%, a spokesperson for the Federal Reserve Bank of RichmondThe billionaire is probably bolstering his investment in Bank of America because its stock price is down about 30% this year, and he expects it to make a full recovery from the coronavirus pandemic in time.Markets Insider
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What he is buying, might be a good idea for you to buy! Always check those fundamentals first
Eat 👏 the 👏 rich 👏
So will America finally have a big bank with an identifiable owner? Instead of faceless funds owning less than 1%? Except for jpmorgan which has anchor in form of Jamie Dimon the big American banks have been rudder less.
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