[Rewards Calling] Buffett's beloved Bank of America is the top bank stock!
![[Rewards Calling] Buffett's beloved Bank of America is the top bank stock!](https://sgsnsimg.moomoo.com/2054080926623862242.png/bigmoo)
Buffett's $Berkshire Hathaway-A (BRK.A.US)$ plowed $2.1 billion into $Bank of America (BAC.US)$ in August last year when the stocks were trading at around $24. Now, the stocks have almost doubled!!! ![]()
![]()
![]()
As a result, the shares Berkshire bought last year bring a $1.7 billion gain in 14 months.
![[Rewards Calling] Buffett's beloved Bank of America is the top bank stock!](https://sgsnsimg.moomoo.com/1355194868210345778.jpg/bigmoo)
Berkshire counted Bank of America as one of its biggest holdings for years, while it sold BofA's fellow bank stocks $JPMorgan (JPM.US)$ and $Goldman Sachs (GS.US)$ in the past 18 months. I believe in Buffett, so I think Bank of America is the best bank stock.![]()
![]()
![]()
Tell me about your favorite bank stocks if you disagree!![]()
![]()
![]()
Rewards calling! Comment to win rewards!
Moomoo news team and I hold the event together for a month! I will post discussions every day and Moomoo news team will support the event with reward points! We will pick the top 2 'liked' and top 3 'insightful' comments every weekday& top 10 'liked' and top 10 'insightful' comments every weekend to be the winners.
Moomoo news team and I hold the event together for a month! I will post discussions every day and Moomoo news team will support the event with reward points! We will pick the top 2 'liked' and top 3 'insightful' comments every weekday& top 10 'liked' and top 10 'insightful' comments every weekend to be the winners.
Write your own ideas: Plagiarism or cheating is not acceptable in any kind of community activity. Please "Report" the post if you see any. Once confirmed, the user committed shall be disqualified from the activity.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Jia Yung : Impressed by the action of him to be able foresee this trend. Maybe he just want to wait it bound back to it previous high but end up create a super high instead![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
personally doesn't hold any US bank stock but looking forward to $OCBC Bank (O39.SG)$ SG. Cheers![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Rocket Man : It is like the National Bank of America. With good reputation and record. In the long run. It is a bank shares that should not go wrong and pays you some of their profits regularly as dividend.
scotchnstonks : this bank not simple
Mars Mooo : Digital banks in Singapore are expected to start their business in early 2022.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Currently, there are 2 digital banks.
These banks are awarded digital full bank licences, and they can only offer retail customers banking services online, such as via the Internet or mobile apps.
The 2 digital banks are operated by Grab-Singtel ( $Singtel (Z74.SG)$ ) consortium and tech giant Sea ( $Sea (SE.US)$ ).
It will be interesting to see how they compete with traditional banks such as $Bank of America (BAC.US)$ and $DBS Group Holdings (D05.SG)$.
Jackosen : BAC slow and steady, backed by buffet
J-Zil : $Bank of America (BAC.US)$ may be more famous, but in terms of innovation, technology, advancement, & global standard $DBS Group Holdings (D05.SG)$ is definitely one of the best, if not the best bank in the world. $DBS Group Holdings (D05.SG)$ has made banking transformative from the conventional. I am not a $DBS Group Holdings (D05.SG)$ holder but would love to also have positions here.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
cowabanga : The sage said it himself!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102773705 : Yup
tlc79 : I believe in the guru Mr Buffett too!
elvin_fu :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
View more comments...