Story updated with detailed information.
- Berkshire Hathaway invests $5 Billion In Bank of America
- Warren Buffet calls Bank of America a "strong, well-led company"
- Shares up 23% at $8.58 in premarket trading
The price tag looks steep, but the coverage resolves investor worries about the adequacy of AIG's reserves, says CFRA analyst Cathy Seifert.
Investors seeking less volatility can reap better returns in 2017 by allocating funds in sectors such as technology, biotech, energy and financials, which should generate above average performance.
The world's largest retailer gets in line.
Analysts see merit, and a real possibility, in the linkup of the brewing giant and the global soft drink brand.