Warren Buffett Just Made A Short $12 Billion On Bank Of The Usa

Bank of America shares closed Thursday at $24.32 a share, making that stake actually worth more than $17 billion.
Because of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the financial institution’s largest shareholder.
A move to exercise the warrants would be seen as bullish for Bank of America shares, an expression of confidence by Buffett that they have upward momentum.
Bank of America said it would make the dividend increase official “beginning in the third quarter of 2017.
So it’s a quick $12 billion paper profit for the Oracle of Omaha.

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