Warren Buffett's Glowing Review of Bank of America

Warren Buffett's annual letter addressing Berkshire Hathaway (NYSE: BRK-A  ) (NYSE: BRK-B  ) shareholders came out this past weekend, an event that is always highly anticipated among the investing community. This year, the letter noted that Berkshire has the option to buy 700 million shares of Bank of America (NYSE: BAC  ) at any time before September 2021 for $5 billion. The letter also states that the company will most likely exercise that option shortly before it expires.

This already-profitable position, in effect, makes Bank of America Berkshire's fifth largest holding. In this segment from Monday's edition of Where the Money Is, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss Buffett's take on Bank of America this year, and in particular, the glowingly positive language he uses. Beyond the Bank of America discussion, Matt and David discuss the future of one of Buffett's favorite business, the importance of the Buffett's stock picks, and Warren's overall wisdom.

More wisdom from Warren Buffett
Warren Buffett has made billions through his investing and he wants you to be able to invest like him. Through the years, Buffett has offered up investing tips to shareholders of Berkshire Hathaway. Now you can tap into the best of Warren Buffett's wisdom in a new special report from The Motley Fool. Click here now for a free copy of this invaluable report.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2863540, ~/Articles/ArticleHandler.aspx, 11/29/2014 5:13:30 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement