Did Buffet BAC Buy Mark a Bottom for Financials?
99 views · Published 30 August 2011 · 4:13 · Indexed 10 November 2026
Channel: T3 Live · 2011 · News & Politics
Warren Buffet's decision to buy a $5 billion stake in Bank of America (BAC) boosted confidence in the sector, creating a short term bottom. Yesterday BAC announced it would sell half of its stake in China Construction Bank for $3 billion, another step in shoring up its capital base. Is it all uphill from here for the banks?
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