Warren Buffett's Berkshire Hathaway Inc has become Bank of America Corp's largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Berkshire is now the largest shareholder in the second- and third-largest U.S. banks, with stakes of roughly 6.6 percent in Bank of America and 10 percent in Wells Fargo & Co, according to Reuters data. It also has an interest in JPMorgan Chase & Co, the largest U.S. bank, where Todd Combs, one of Buffett's deputy portfolio managers, is a ...
Warren Buffett's Berkshire Hathaway now Bank of America's top shareholder
Berkshire is now the largest shareholder in the second- and third-largest US banks
Reuters Last Updated at August 30, 2017 08:46 IST