Buffett's Faith in BofA

Bank of America - Working Image (NYSE:BAC)

Bank of America (BAC) has been hit hard over the past few days, and has dipped over 37% since Warren Buffett bought his stake in late August, but he says he's not concerned.

WallStNation.com Sponsors - Become one Today

According to SeekingAlpha.com Buffett said: "We agreed to hold it for at least five years, so what I'm thinking about is where Bank of America will be in five years, and nothing in the last 24 hours or 48 hours has changed my views on that."

Bank of America Corp (BAC) shares have traded between today's new low of $5.13 and $15.31 over the past 12 months.  In 2011 BofA shares have declined 57% and today they closed at $5.76.

BAC

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details