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Buffett's BofA bet shows sector improvement from 2008

Sandler O'Neill analysts say the Sage of Omaha has sounded the 'all clear' for the sector by stepping in

Warren Buffett's bets on American business are returning a little less easy money, providing evidence the banking world may be struggling but is still better than it was during the financial crisis three years ago.

While the Oracle of Omaha is still expected to make a nice profit on his $5bn investment in Bank of America, the definitive return is significantly less than he made on deals with such blue chips as Goldman Sachs and General Electric three years ago.

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