CNBC’s Becky Quick asked the billionaire investor which bank stock was his favorite.
“What’s your favorite child?” Buffett joked on CNBC’s “Squawk Box” adding, “Bank of America has done a sensational job under Brian Moynihan.”
Berkshire is the largest shareholder of Bank of America, according to FactSet.
CEO Moynihan “has really done a job. We will be holders of BofA stock for a long, long, long time,” the investor added.
Buffett joined CNBC from Omaha, Nebraska — home of Berkshire and where Purpose Built Communities was holding its annual conference.