Warren Buffett pumps another $400 million into Bank of America, boosting his stock purchases to $1.2 billion in 8 days

• Warren Buffett has bought nearly $400 million worth of Bank of America stock in the past few days, SEC filings show.
• The billionaire investor and Berkshire Hathaway boss snapped up about 16.4 million shares, raising his stake in the banking behemoth to 998 million shares or 11.5% of the total outstanding stock.
• Buffett has now invested roughly $1.2 billion in Bank of America in eight days, given he spent more than $800 million on its shares last week.
• "Bank of America is a well-oiled machine, trading at a very reasonable price," Bill Brewster, a Berkshire shareholder who runs Sullimar Capital Group, told Business Insider in a recent interview.
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Warren Buffett has spent another $400 million on Bank of America stock after buying more than $800 million worth of it last week, Securities and Exchange Commission filings show.

The famed investor and Berkshire Hathaway CEO snapped up about 16.4 million shares at an average price of around $24.22 between Thursday last week and Monday, boosting his stake to 998 million shares or 11.5%.

See the rest of the story at Business Insider

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See Also:

• Warren Buffett's $800 million bet on Bank of America is almost a guaranteed winner, Berkshire Hathaway investor Bill Brewster says
• Warren Buffett's Apple bet ranks among the 'best investments ever,' Berkshire Hathaway shareholder Bill Brewster says
• Warren Buffett isn't warning about sky-high stocks because he 'doesn't want to make people mad,' veteran investor Bill Smead says

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