Shares Of Bank Of America Soar More Than 25% On Report of Berkshire Hathaway Investment

Bank of America

[credit provider=”AP”]

It has been a crazy week for Bank of America.Shares of Bank of America surged more than 25% in pre-market trading Wednesday on news that Warren Buffett’s Berkshire Hathaway would purchase 50,000 preferred shares of the bank for $5 billion.

It’s now up about 21.98%.  Shares of Bank of America are currently trading above $8.39, compared to yesterday’s close of $6.99. 

On Tuesday BofA fell to $6.01 a share.