CNBC "Fast Money Halftime Report’s" traders commented on Warren Buffett’s recent purchase of Bank of America Corp (NYSE: BAC).” data-reactid=”19″>CNBC “Fast Money Halftime Report’s” traders commented on Warren Buffett’s recent purchase of Bank of America Corp (NYSE: BAC).
Sarat Sethi said this is a good decision. The catalysts are still not there, but when the economy picks up, Buffett is going to have a good position. Sethi also has a long position in the name.
JPM) and he thinks Wells Fargo & Co (NYSE: WFC) has more upside than Bank of America.
Brenda Vingiello also owns JPMorgan, but she is not ready to increase exposure in the sector before the economy picks up and interest rates go higher. She added that Buffett is known for his long-term positions and his patience.
Stephen Weiss believes Bank of America is the best stock among the money center banks, but headwinds are too strong as interest rates are going to stay low for a long time. Weiss is not a buyer of Bank of America.
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