Bank of America Corporation

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“When I bought all that stock, the JJ, the journal has in like one day, you know, I knew something about the Bank of America.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“I've known the Bank of America bankers. I know a lot about what's right with it and what's wrong with it.”

Afternoon Session - 2023 Meeting

“we do remain with one bank holding a deal. But we originated that deal with the Bank of American. I like Bank of America. I like the management.”

Afternoon Session - 2023 Meeting

“I welcomed all that early banking of the deserving immigrants by the early Bank of America.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Why did you keep Bank of America? Well, a, they invited, I mean, I invited myself in many years earlier, and they made a very decent deal for us. And I like Brian Moynihan enormously. And I just don't”

2022 Berkshire Hathaway Shareholder Letter

“largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc.”

Warren Buffett (Charlie Rose Returns)

“And I got a call on a Friday and Bank of America saying that Occidental is going to need some money”

Warren Buffett (Charlie Rose Returns)

“if you look at whether Bank of America would give you their average deposit. I mean, you just look at the wealth.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“biggest competitive threat to U.S. banks like Bank of America and US Bank—both equity holdings of the Daily Journal Corporation”

2021 Berkshire Hathaway Shareholder Letter

“1,032,852,006 Bank of America Corp. ........................ 12.8 14,631 45,952”

Daily Journal Annual Meeting 2021 — Munger Q&A

“What is the biggest competitive threat to U.S. banks like Bank of America and US Bank—both equity holdings of the Daily Journal Corporation”

Part 2 - 2021 Meeting

“we were over 10% of Bank of America. It's a real pain in the neck... And I like the Bank of America. I mean, and I like Brian Moynihan very much.”

2020 Berkshire Hathaway Shareholder Letter

“Bank of America Corp. ....................... 11.9 14,631 31,306”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“Berkshire owns 32.58 billion of Bank of America and 17.39 billion of Wells Fargo”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“If you're looking at Goldman Sachs, Bank of America, Citigroup down by 2.9%.”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“Bank of America is buying in a lot of stock every year. Our ownership of the Bank of America this year probably will go up 7% or 8% without us spending a dime”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“Bank of America is buying back their shares. Bank of America bought back 8 or 9% of their stock last year.”

Buffett: I didn't pull the trigger to buy Amazon | May 2, 2019

“I got a call in the middle of the afternoon from Brian Moynihan, the CEO of Bank of America. And he said that they were involved in financing the Occidental deal”

2019 Berkshire Hathaway Shareholder Letter

“Bank of America 10.7% 682 2,167”

Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019

“if we get a dividend from Bank of America, that dividend goes into earnings.”

2019 Berkshire Hathaway Shareholder Letter

“947,760,000 Bank of America Corp. ...................... 10.7 12,560 33,380”

Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019

“I got the call from Brian Moynihan. Well, I read in the paper about the deal. But I've never had any contact with antinarko of any sort. David Faber reported last week that you had said you would offe”

Afternoon Session - 2019 Meeting

“whether it's Bank of America, whether it's Apple, whether it's any of the big holdings, we will do considerably better”

Morning Session - 2019 Meeting

“The shareholders of Gov and Sacks, the shareholders of Bank of America. They paid billions and billions of dollars, and they didn't commit the acts.”

Morning Session - 2019 Meeting

“The call happened to come in on Friday from Brian Moynihan of CEO of Bank of Americans.”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“You added to your stakes of J.P. Morgan, Bank of America. America, Bank of New York, PNC, and U.S. Bank Corp.”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“Bank of America has been particularly aggressive on buying and stock. Brian Moynihan has done such a good job running that company”

Warren Buffett On The 2008 Crisis

“Bank of America buys Merrill Lynch. He got some fairness opinion that said it was okay to pay 30 bucks”

2018 Berkshire Hathaway Shareholder Letter

“Bank of America 9.5% $ 551 2,096”

2018 Berkshire Hathaway Shareholder Letter

“918,919,000 Bank of America Corp. ...................... 9 . 5 11,650 22,642”

Documentary

“Stick, talk to the audience about the deal that Buffett did back whenever he bought some preferred stock in Bank of America.”

Morning Session - 2018 Meeting

“extract from firms like Goldman Sachs and Bank of America in times of distress”

Pilot Flying J acquisition | October 3, 2017

“I did the same thing about five or six years ago for Wells in Chicago. I did it for B of A, maybe seven or eight years ago.”

Pilot Flying J acquisition | October 3, 2017

“Bank of America is not a sensational job under Biden, right hand. Brian had all kinds of problems when he came in...he has really done a job.”

"I was wrong" on IBM | August 30, 2017

“I like the business. I like the valuation and I like the management very much. So I think you'll see that for a long time in our holdings.”

2017 Berkshire Hathaway Shareholder Letter

“700,000,000 Bank of America Corporation ................. 6 . 8 5,007 20,664”

Afternoon Session - 2017 Meeting

“back in 2011, you purchased Bank of America Preferred Stock with a warrant”

Afternoon Session - 2017 Meeting

“if the Bank of America ever got to where it was paying 11 cents quarter, we get $300 million off the year”

Afternoon Session - 2017 Meeting

“incident that B of A purchase it literally was true that I was sitting in the bathtub when I got the idea of checking with the B of A”

Buffett buys airlines and Apple | February 27, 2017

“Can we talk about Bank of America? Sure. That is another large holding...we own warrants there...we can use our $5 billion of preferred as the payment for the warrants”

Daily Journal Annual Meeting 2016 — Munger Q&A

“Bank of America was bought through the way that we use to buy securities. It just got pounded so hard that it was selling for less than it was worth. Way less. And there's a lot in the Bank of America”

2016 Berkshire Hathaway Shareholder Letter

“our ownership of $5 billion of preferred stock issued by Bank of America. This stock, which pays us $300 million per year”

2016 Berkshire Hathaway Shareholder Letter

“If the dividend rate on Bank of America common stock – now 30 cents annually – should rise above 44 cents before 2021, we would anticipate making a cashless exchange”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“Berkshire's big position in some of the financials, like a Bank of America or Wells Fargo”

Morning Session - 2016 Meeting

“How do you analyze and value companies like Bank of America, Merrill Lynch, and other commercial banks that Berkshire has investments in”

Morning Session - 2016 Meeting

“I'm not in the least troubled by our Bank of America investment, nor our Wells Fargo. We added to Wells Fargo, and our Bank of America position right now is a preferred stock”

"America's never been greater" | February 29, 2016

“You also mentioned Bank of America in the annual letter. It's not one of your big four holdings, although you mentioned that if it was converted, it would be your fourth largest equity investment.”

2015 Berkshire Hathaway Shareholder Letter

“Bank of America is, in effect, our fourth largest equity investment – and one we value highly.”

Buffett and Munger criticize Dodd-Frank

“I remember reading the history of the Bank of America on that and how they would put out runs before the Federal Reserve”

Morning Session - 2015 Meeting

“I remember reading the history of the Bank of America on that and how they would put out runs before the Federal Reserve existed.”

Fifty years of Buffett's Berkshire | March 2, 2015

“we have a warrant to buy 700 million shares at a little over $7 a share...you're talking $11 or $12 billion worth of stock. That you pay about $5 billion for.”

Daily Journal Annual Meeting 2014 — Munger Q&A

“Bank of America (ticker: BAC) pioneered all that stuff way early and it was a noble addition to the business activities”

2014 Berkshire Hathaway Shareholder Letter

“Bank of America is, in effect, our fourth largest equity investment – and one we value highly.”

We'll never want to "go to war" with Coca-Cola | May 5, 2014

“One of the issues that came up was another one of your holdings, Bank of America. Bank of America very recently had to pull back their plan to increase the dividend and buy back even more shares becau”

We'll never want to "go to war" with Coca-Cola | May 5, 2014

“I think Brian Moynihan is doing a terrific job... And the Bank of America has a wonderful deposit franchise. And it will do well over time.”

Morning Session - 2014 Meeting

“I've read recently that the Bank of America investment, you changed it so they can now treat it as tier one capital.”

Morning Session - 2014 Meeting

“it doesn't change my feeling about the Bank of America or its management one iota”

"People react too much to short-term things" | March 3, 2014

“you own a big stake in Bank of America that Brian Moynihan has...Brian Moynihan took something that was a big, big mess, which he inherited...he just methodically has worked on one problem after anoth”

"People react too much to short-term things" | March 3, 2014

“Warren, that reminds me of something you said when you made that Bank of America investment. When did you first read Bank of America?”

The Buffetts; Alan Greenspan

“you have an investment in Bank of America and Wells Fargo might also be at risk.”

2013 Berkshire Hathaway Shareholder Letter

“Bank of America is, in effect, our fifth largest equity investment and one we value highly.”

Afternoon Session - 2013 Meeting

“you famously thought of making the Bank of America investment in your bathtub. There is an investment message of this transformation”

Afternoon Session - 2013 Meeting

“the Bank of America, whenever it was in 2011, was subject to a lot of rumors...an investment by Berkshire might be helpful with the bank”

Afternoon Session - 2013 Meeting

“I read a book more than 50 years ago called Biography of a bank...I have followed the Bank of America”

Afternoon Session - 2013 Meeting

“I got the idea about buying the Bank of America or making an offer to Bank of America on a preferred stock”

Morning Session - 2013 Meeting

“I think he's probably referring to something like the Bank of America transaction or Goldman Sachs and GE.”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“the banks, specifically those trading below tangible book value like Bank of America and Citigroup”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“We expect Bank of America in eight and a half years to be worth significantly more than it is now...they will do well.”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“When I did the Bank of America deal, you may remember I did that deal in the bathtub.”

Morning Session - 2012 Meeting

“Goldman Sachs, GE, and Bank of America deals, all giving Berkshire warrants that you have negotiated.”

Morning Session - 2012 Meeting

“I thought it made sense for the Bank of America under the circumstances that existed. But I'd never talked to Brian Moynihan before in my life. I had no real connection with the Bank of America.”

Morning Session - 2012 Meeting

“If you look at the Bank of America or Wells Fargo, they get an enormous amount of money from a natural customer base.”

Afternoon Session - 2012 Meeting

“Jacob P. Morgan and Bank of America. Fannie and Freddie have been in conservatorship for three and a half years”

Warren Buffett; Anwar al-Awlaki Killed

“He has been in the news recently because he made a major investment in Bank of America.”

Warren Buffett; Anwar al-Awlaki Killed

“you recently made a significant investment in Bank of America. And some say that part of the reason that they are having a difficult time is because of the amount of the mortgage lending”

Warren Buffett; Anwar al-Awlaki Killed

“Bank of America worked its way through its troubles...You've got a very, very fine business underneath.”

2011 Berkshire Hathaway Shareholder Letter

“a $5 billion 6% preferred stock of Bank of America that came with warrants allowing us to buy 700 million common shares”

Wesco 2011 Annual Meeting — Notes of Charlie Munger's Remarks (The Inoculated Investor)

“Look at the troubles that Bank of America got into. Talk about a disgrace in terms of decision making.”

2011 Berkshire Hathaway Shareholder Letter

“At Bank of America, some huge mistakes were made...Brian Moynihan has made excellent progress in cleaning”

Class B stock split was "easy decision" | January 20, 2010

“Bank America move into positive territory if they're initially trading down, right? Earlier today, which one was, yeah. Bank of America”

Class B stock split was "easy decision" | January 20, 2010

“B of A and City, I mean, if you want to call their profits obscene, you may be thinking of a different sort of obscenity.”

Buffett and Munger commend DC's credit crisis response

“unless the B of A had bought it. I mean, it was, when you're getting punched from all sides and you have to make policy”

Morning Session - 2009 Meeting

“Merrill would have gone in my view, unless the B of A had bought it.”

Morning Session - 2009 Meeting

“And now you've got very expensive toilet paper essentially out of those stuff. Doc certificates. So, I mean, how would you know on the way down and looking at something like Bank of America”

Wesco 2008 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)

“When I was young, Bank of America – would not have done things they do now. Derivative trading, no good clearance”

Warren Buffett 2008 Interview (Ivey Archive)

“If you look at any of the major banks like Citi or JP Morgan's 10-K's they have loads of debt”

Warren Buffett remembers the 2008 financial crisis | July 11, 2018

“Bank of America is now sold to, or Bank of America buys Merrill Lynch.”

Warren Buffett remembers the 2008 financial crisis | July 11, 2018

“if Bank of American announced that purchase on Sunday, it wouldn't have just been Lehman.”

Morning Session - 2000 Meeting

“two other premier organizations, Citigarp, imagine, and B of A, and actually Barclays had one”

Wesco 1999 Annual Meeting — Notes of Charlie Munger's Remarks (simpleinvestor)

“Bank of America selling their modest Tokyo executive house for $55 million cash during the height of Japans over-exuberance.”

1983 Berkshire Hathaway Shareholder Letter

“five largest banking organizations (Citicorp, Bank America, Chase Manhattan, Manufacturers Hanover and J. P. Morgan).”