Warren Buffett Still Has His Meat Hooks in Bank of America (BAC)

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Go back to Warren Buffett Still Has His Meat Hooks in Bank of America (BAC)

Buffett's Berkshire (BRK-A) Gets $120M Windfall from Boosted Bank Dividends

March 15, 2013 2:39 PM EDT

Warren Buffett's Berkshire (NYSE: BRK-A)(NYSE: BRK-B) is having a much better year following yesterday's banking announcement.

Following stress test results, Berkshire... More

Bank of America (BAC) to Buyback $5B in Stock, Redeem $5.5B in Preferred

March 14, 2013 4:46 PM EDT

Bank of America Corp. (NYSE: BAC) authorized the repurchase of up to $5.0 billion of common stock and the redemption of approximately $5.5 billion in preferred stock.

The Federal Reserve Board has informed the company that it completed its 2013 Comprehensive Capital Analysis and Review and that it did not object to the companys capital plan, including proposed capital actions.

"We have simplified our company and we have more than... More