Warren Buffett plowed 2.1 billion into Bank of America in 12 days. Experts warn it could be years before he sees a return.Get the Full StoryGetty Images Bill Pugliano
Warren Buffett bought 2.1 billion worth of Bank of America stock over 12 straight trading days.
It could be years before the billionaire investor and Berkshire Hathaway chief sees a material return, experts said on Wednesday.
"He could buy it for another 12 days, he can't really fix the headwinds that are challenging the banks," CNBC contributor Joe Terranova said on "Halftime Report."
However, Wells Fargo analyst Mike Mayo said on CNBC's "Trading Nation" that Buffett is "on the right track" as bank stocks could rebound 50 over the next 18 to 24 months.
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Warren Buffett shelled out 2.1 billion on Bank of America stock over 12 consecutive trading days, boosting his stake in the banking giant to almost 12 as of August 4.
However, the famed investor and Berkshire Hathaway CEO may have to wait years for a meaningful return, experts said on Wednesday.See the rest of the story at Business InsiderNOW WATCH: Here's what it's like to travel during the coronavirus outbreakSee Also:Morgan Stanley's top auto analyst told us why space investing is in danger of dot-com-style hysteria and shared his best ideas for profiting from the booming themeA Wall Street quant chief breaks down why a COVID-19 vaccine is not the silver bullet investors have been hoping for and warns another stock-market meltdown is likelyThese 16 global stocks have at least 20 upside in the next year and they'll continue to thrive as COVID-19 accelerates a crucial technological shift, UBS says