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-0.000696572861521276 -0.00125383115073841 0.00167177486765122 -0.00083588743382561 -0.00250766230147663 0.00612984118138754 0.00780440234048494 0.0027862914460853
Stock impact report

Berkshire Hathaway Reveals $3 Billion Stake in Citigroup [MarketWatch]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: MarketWatch
In late morning trading, Citigroup (ticker: C) shares were up 7%, making the bank one of the best performers in the S&P 500 That surge was much-needed as Citigroup's shares had been down 16% this year and the bank is the only one of its peers that still trades below tangible book value. Traders Tuesday saw Buffett's stake as a sign the bank is moving in the right direction. Berkshire's (BRK. A) stake in Citigro up is as of March 31 and was revealed via quarterly disclosures with the Securities and Exchange Commission. While Berkshire was a buyer of Citigroup, it shed the remainder of its stake in Wells Fargo Citigroup is in the midst of a turnaround following years of missed financial targets and regulatory issues due to weaknesses in its internal controls. Just a few weeks ago chief executive Jane Fraser said the bank was freed from a 10-year old consent order from the Office of the Comptroller of the Currency. The order was issued due to the bank's failure to have an adequate Show less Read more
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