BofA (BAC) Moves Higher on CCB Stake Sale Agreement, Buffett on CNBC

Bank of America (NYSE: BAC) shares are moving higher Monday morning following an announcement that it will sell 10.4 billion common shares of China Construction Bank Corporation (CCB) through private transactions with a group of investors. Post-tax profit on the deal is expected to be $1.8 billion. Click here for more from the release.

BofA is up about 0.6 percent Monday.

Notably, Warren Buffett is also making comments on CNBC this morning. He hasn't spoken too much on BofA, but did disclose owning about 5.5 percent of International Business Machines (NYSE: IBM).

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