One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
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Buffett bought this @ $48.5 in Aug. 2007
The very attractive dividend might get cut back as more writeoffs come out in the future, but Bank of America has a prosperous future ahead of them regardless.
Even with a dividend cut, I bet it would still be a good dividend compared to many others, and a good stock to own too for the long run.