Warren Buffett is Bank of America's Most Notable Shareholder due to his preferred stock & warrant investment in the bank.
Bank of America is trading at a 28.3% discount to its book value.
Bank of America has settled 95% of the unpaid principal balance of all RMBS litigation brought against all Bank of America related entities.
Bank of America reduced its operating expenses by 6% year-over-year in Q2 2014 versus Q2 2013.
When Warren Buffett stepped in with a $5B investment in Bank of America (NYSE:BAC) in 2011, the company was reeling from its misguided acquisition spree under former CEO Ken Lewis. When Warren Buffett