Bank of America up 4% after Bloomberg says Buffett trying to boost stake - InvestingChannel

Bank of America up 4% after Bloomberg says Buffett trying to boost stake

Shares of Bank of America (BAC) are higher after Bloomberg reported that Warren Buffett’s Berkshire Hathaway (BRK.A) filed an application with the Federal Reserve to seek permission to boosts its stake in the bank beyond 10%. Bank of America shares are up 4% to $30.19 in afternoon trading.