Warren Buffett Took Profits in Bank of America. TD Bank Looks Like a Good Place for the Cash.

Buffett buys good companies when they are temporarily out of favor, like when he bought Bank of America stock. TD Bank offers a similar opportunity.Warren Buffett is a Wall Street icon who runs Berkshire Hathaway. The stock picks that this conglomerate makes are, basically, Buffett's stock picks. Right now Berkshire Hathaway is selling down its position in large U.S. bank Bank of America (BAC -4.86%). But the longer-term story here helps explain why you might want to invest in Toronto-Dominion Bank (TD -2.4 ...