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Bank of America Corp, BAC saw a sudden rise in share prices. It rose by 1.8% in premarket trading. The market analysis had reported a steady fall in BAC share market prices. However, the fall was lesser than expected. Alternatively, revenue also increased. Total revenue rose to $22.81 billion from $22.72 billion. Currently, BAC is trading at $30.28
The reason behind this unexpected rise is being credited to Warren Buffett wanting to boost Berkshire Hathaway’s stake by 10%. The stock has gained 2.6% in the last 3 months. There are several bullish claims that BAC prices will climb higher in the coming days.