Warren Buffett plows another $337 million into Bank of America, boosting his stake to nearly 12%
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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