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Buffett Adds to His Stake in His Favorite Bank: BofA – Barron’s

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Berkshire Hathaway
(ticker: BRK.B) scooped up 33.9 million shares in the past week, paying about $810 million, or an average price of about $24 a share. The stock, which ended Friday at $24.35, up 5% on the week, is off about 31% this year and has lagged behind the stock market during the recovery from March lows. Buffett had no comment but hes apparently comfortable with the stocks valuation. Bank of America (BAC) trades for 1.2 times tangible book value, a discount to industry leader
JPMor…

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