Warren Buffett sold most of his bank stocks except for one: Bank of America. The Berkshire chairman and CEO held on to shares of Bank of America even after recently offloading other large bank stocks, including U.S. Bancorp, Wells Fargo, Goldman Sachs and JPMorgan. The 92-year-old investor said depositors can rest assured their funds remain safe in the wake of the Silicon Valley Bank and Signature Bank collapse last month.
"It's incredibly important that your banking system run well in the country. It just isn't gonna work unless you have a banking system that works, and you don't want them to create periodic crises unnecessarily," Buffett told CNBC's Becky Quick on "Squawk Box" on Wednesday while visiting Tokyo. However, Buffett said he approves of the leadership at Bank of America. As of December, Berkshire Hathaway had a 12.9% stake in Bank of America worth about $29.
tamm_kristi Invest in stocks that represent the centers of technological innovation that that advances man in the universe. Never political stocks!
It’s the S&P500 that matters more, based off the charts, 430 and 450 are likely areas on SPY/VOO/SPX/US500/ES1
Its $FRC
Always shitee
Hint, hint?
Perfect example buy for the long term, sell, sell. Such a hypocrite. Believes in they system? Or not.
Maybe he bought more , the opposite is the right .
And.... you have to be a subscriber
hmm....