Mr. Buffett is doing it again! US $800 million increase in Bank of America

category:Finance
 Mr. Buffett is doing it again! US $800 million increase in Bank of America


The increase of 33.9 million shares means an increase of about 3.6% compared with the original number of shares, and the holding amount has risen to 982 million shares, and the current market value of the shares exceeds 24 billion US dollars. For Bank of America, Berkshires stake rose to 11.33%.

Berkshires investment in Bank of America started with preferred shares and other forms, and then increased its position. At present, 11.33% has actually exceeded the normal holding level.

According to regulatory requirements in the United States, the Federal Reserve must obtain prior approval from the Federal Reserve for an outside investors stake in a bank to exceed 10%. Last year, the Richmond Federal Reserve finally gave him a green light on April 20, when he submitted an application for more than 10% of his holding.

Bank of Americas shares bucked the trend by nearly 1%, Citigroup rose 0.8% and JPMorgan Chase rose 0.3% after the news of Buffetts increase. In contrast, U.S. stocks generally fell on Thursday, with the S & P 500 and Dow both down more than 1% and the NASDAQ down more than 2%. This is also the second time after the outbreak of the outbreak of Warren Buffet. Earlier this month, Berkshire announced that it had agreed to acquire dominion energys natural gas transportation and storage businesses, including debt, for a total of $9.7 billion. This big deal broke Berkshires long silence in capital markets since the outbreak. Before that, when a large number of companies fell to the floor price with $137 billion in his seat, Mr. Buffett, who has always been regarded as a good bargain hunter, did not make a move. Instead, at the shareholders meeting at the beginning of May, he bluntly said that he had misread Aviation stocks, thus clearing his positions, which led to continuous questioning. Source: Wall Street news editor: Yang Bin_ NF4368

Bank of Americas shares bucked the trend by nearly 1%, Citigroup rose 0.8% and JPMorgan Chase rose 0.3% after the news of Buffetts increase. In contrast, U.S. stocks generally fell on Thursday, with the S & P 500 and Dow both down more than 1% and the NASDAQ down more than 2%.

This is also the second time after the outbreak of the outbreak of Warren Buffet.

Earlier this month, Berkshire announced that it had agreed to acquire dominion energys natural gas transportation and storage businesses, including debt, for a total of $9.7 billion. This big deal broke Berkshires long silence in capital markets since the outbreak.

Before that, when a large number of companies fell to the floor price with $137 billion in his seat, Mr. Buffett, who has always been regarded as a good bargain hunter, did not make a move. Instead, at the shareholders meeting at the beginning of May, he bluntly said that he had misread Aviation stocks, thus clearing his positions, which led to continuous questioning.