CNBC Reporting Paulson Dumps Bank of America Block

by Jonathan Chen, Benzinga Staff Writer

June 30, 2011 12:20 PM | 16 seconds read | Make a Comment

CNBC's Kate Kelly is reporting that John Paulson's Paulson & Co hedge fund has sold a large chunk of its Bank of America

BAC

stock. At last check, shares of Bank of America were off 14 cents to $11.00, a loss of 1.4% on 130 million shares.

Posted In: CNBC Short Ideas Hedge Funds Movers & Shakers Media Trading Ideas Financials John Paulson Kate Kelly Other Diversified Financial Services Paulson & Co.

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