Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Publishing timestamp: 2024-07-25 11:33:38
Summary
Berkshire Hathaway has been reducing its stake in Bank of America over the past six trading days, selling millions of shares and raising billions of dollars. This move comes after Bank of America outperformed the broader market this year. Warren Buffett has previously praised the leadership at Bank of America, but Berkshire has been trimming its financial holdings in recent years.
Sentiment: NEUTRAL
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