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