Warren Buffett Is Now the Biggest Shareholder of Two Massive Banks
The most important person in the bank industry isn't a banker -- it's Warren Buffett, the chairman and CEO of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B).
He cemented that role this week, by exercising warrants Berkshire Hathaway held to buy 700 million shares of Bank of America (NYSE: BAC). Berkshire is now the biggest shareholder of the nation's second-largest bank by assets.
Data source: Nasdaq. Chart by author.
Source: Fool.com
Bank of America Corp. Stock
€38.14
-0.100%
Currently there is a rather positive sentiment for Bank of America Corp. with 28 Buy predictions and 5 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 10.12% for Bank of America Corp. compared to the current price of 38.14 €.
