Warren Buffett's Berkshire Hathaway sells more Bank of America, has now cut stake by nearly 15%
Publishing timestamp: 2024-08-31 08:37:21
Summary
Warren Buffett has been selling Bank of America stock, adding around $6 billion to Berkshire Hathaway's cash pile. Berkshire has sold 150.1 million shares of BofA, reducing its holding by 14.5%. Buffett's reasons for selling are unclear. Berkshire remains BofA's largest shareholder.
Sentiment: NEUTRAL
Keywords: investment strategy, breaking news: markets, bank of america corp, markets, berkshire hathaway inc, breaking news: investing, business news,