Over the past two months, Buffett-led Berkshire Hathaway has dumped more than $7.2 billion of Bank of America stock.Warren Buffett's company Berkshire Hathaway has built one of the largest and most successful stock portfolios in the world. It's now worth more than $300 billion. It's a great endorsement to be in Berkshire's portfolio. But it can also attract some unwanted attention if Buffett and Berkshire start to sell a stock.That's the position Bank of America (BAC -0.34%) has found itself in after the co ...

Warren Buffett has sold some of Berkshire's stake, but still owns more than 11% of the bank.Bank of America (BAC -0.34%) is the third-largest stock position in Berkshire Hathaway's (BRK.A -0.54%) (BRK.B -0.72%) portfolio, even after the conglomerate sold some of its position in recent months. In this video, two Fool.com contributors discuss Bank of America's business and whether it's a good buy right now.*Stock prices used were the morning prices of Sept. 12, 2024. The video was published on Sept. 13, 2024. ...

The Oracle of Omaha has sent nearly $7.2 billion worth of his favorite bank stock to the chopping block over the last eight weeks.Few investors have the ability to command the attention of Wall Street professionals and everyday investors quite like Berkshire Hathaway (BRK.A -0.54%) (BRK.B -0.72%) CEO Warren Buffett. The reason is simple: He's crushed Wall Street's benchmark indexes over a span of nearly six decades.Since taking the reins in the mid 1960s, the Oracle of Omaha has overseen a cumulative return ...

Lux Blue Investment Thesis When building investment portfolios from scratch, achieving an attractive Total Return is crucial. High dividend yield companies play a key role within your portfolio, since they ensure you start your investment journey with an attractive Weighted Average Dividend Yield, allowing you to receive an attractive number of dividends. Receiving dividend payments means you do not need to sell positions of your portfolio to financially benefit. At the same time, it can allow you to co ...

Warren Buffett's Berkshire Hathaway Inc BRK BRK has been steadily trimming its stake in Bank of America Corp BAC, selling off $7.2 billion worth of shares since mid-July.Warren Buffet Has Been Trimming Stake In BACFollowing the sale of 5.8 million shares for $228.7 million at an average price of $39.45 on Friday, Monday and Tuesday, Berkshire Hathaway's stake in Bank of America has decreased to approximately 11% of the company's total shares. Despite this reduction, Berkshire remains BAC's largest sharehold ...

Traders and investors know that every news event or new piece of information can spark an idea or create an opportunity to profit in this game. Today, as the S&P 500 deals with uncertainty about Federal Reserve rate cuts and election uncertainty, price action seems to be the most important indicator for participants, something investors need to watch closely.One of the known leading industries in the market is the financial sector, particularly the biggest banking stocks covering both the corporate and busi ...

After already selling billions in Bank of America (NYSE: BAC) shares, Warren Buffett, the popular investor and CEO of Berkshire Hathaway (NYSE: BRK.A), has continued to offload the banking behemoth’s stocks, dumping nearly 6 million additional BAC shares in recent days.Specifically, Buttffett’s Berkshire Hathaway sold about 5.8 million Bank of America stocks, worth $228.65 million, between September 6 and September 10, at average prices ranging from $39.30 to $39.67 per share, according to a regulatory fili ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:Estimates for 2024 Q3 have come down since the start of the period, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of the year's first two quarters. This negative shift in the revisions trend reverses the prior ...

Key TakeawaysWarren Buffett's Berkshire Hathaway sold off more shares of Bank of America, according to a regulatory filing.This latest sales on Friday, Monday, and Tuesday totaled 5.8 million shares valued at about $228.7 million.Bank of America Chief Executive Officer (CEO) Brian Moynihan called Buffett "a great shareholder." Bank of America (BofA) (BAC) shares lost ground Wednesday after news that Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) again reduced its stake in the bank.  In a regulatory fili ...

The Federal Reserve Board’s vice-chair of supervision, Michael Barr, on Tuesday, outlined proposed Basel regulations which, if approved, would roughly halve the additional capital that big banks would need to maintain to safeguard them in the event of financial crisis. The new plan requires banks to hold 9% of additional capital instead of 19% proposed in the initial plan.Barr announced that regulators would resubmit diluted drafts of the global banks' capital regulation and the so-called Basel Endgame rule ...