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Moynihan Proves Buffett Right

Bank of America's CEO has got the right stuff after all.

By Matt Koppenheffer and David Hanson – Feb 27, 2013 at 3:34PM EST

In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss the $5B investment Warren Buffett made in Bank of America (BAC 0.87%) toward the end of 2011. At the time, many were scratching their heads at the move, with investors still very wary of banking stocks after the financial meltdown of 2008, but BAC stock has been on a powerful hot streak since then. The guys discuss how BAC's CEO Brian Moynihan has made the right moves to get this bank back on track, and why Warren Buffett's still got the magic touch.  

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About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Bank of America Stock Quote
Bank of America
NYSE: BAC
$46.72
(-0.87%)-$0.41
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKB
$490.00
(-0.38%)-$1.89
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKA
$734,838.94
(-0.24%)-$1,786.06

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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