Reported 29 days ago
Bank of America CEO Brian Moynihan acknowledged Warren Buffett’s significant support for the company, noting he has not inquired about Buffett's recent share sales, which amount to nearly $7 billion since July. Moynihan highlighted that while Buffett reduces his stake, the market is effectively absorbing these transactions. He also discussed expected changes in capital regulations for large banks, indicating it could impact lending capabilities while Bank of America plans to continue stock buybacks.
Source: YAHOO