- The Oracle and the Bank of America (BAC -1.1%) CEO had a private dinner together in Omaha earlier this month at which Buffett praised the bank's turnaround efforts.
- Berkshire (BRK.A, BRK.B) gets a 6% dividend on the $5B of preferred shares it purchased in 2011, but the real cheese is the warrants struck to buy $5B of common stock at $7.14 each. With the shares at $14.27, they're more than a little bit in the money.
- What's not known are the details of any discussion about Berkshire's exit from its BofA stake. It wasn't the purpose of the dinner, but it "very likely came up," reports CNBC, citing sources.
Buffett thanks Moynihan for $5B profit
Aug 19 2013, 11:41 ET