Warren Buffett and his Berkshire Hathaway (NYSE: BRK.A, BRK.B) offloaded another $337.9 million worth of Bank of America (NYSE: BAC) shares in three separate sales between September 30 and October 2.The first—and largest—sale occurred on the final day of the third quarter (Q3) of 2024. It witnessed the selling of 4.95 million at an average price of about $39.61, for a total value of $197 million.The two subsequent divestments – on the first and second day of October – were substantially smaller, at about 1. ...

Warren Buffett is often considered a buy-and-hold investor, but that's not how he treats every investment. Should you follow his bank strategy?Warren Buffett, the CEO of Berkshire Hathaway (BRK.A) (BRK.B -0.16%), has a reputation as a buy-and-hold investor thanks to long-term holdings like Coca-Cola (NYSE: KO) and American Express (NYSE: AXP). But he doesn't treat every investment like that. Some are opportunistic situations that he capitalizes on relatively quickly when he's got a profit. That's how Bank o ...

Overview of the Recent Transaction On October 2, 2024, Warren Buffett (Trades, Portfolio)'s firm made a notable adjustment in its investment portfolio by reducing its stake in Bank of America Corp (BAC, Financial). The firm sold 8,547,947 shares at a price of $39.53 each. Following this transaction, the firm still holds a substantial number of shares, totaling 794,120,913, which represents a 10.23% stake in the company. This move has adjusted the firm's position in the financial sector, specifically impacti ...

Investor Warren Buffett (Trades, Portfolio)'s activities in the capital market are closely watched as indicators of both a company's and the U.S. economy's prospects. Recently, Buffett has significantly reduced his holdings in Bank of America (BAC, Financial), sparking market discussions. Berkshire Hathaway, Buffett's company, disclosed in a filing with the U.S. Securities and Exchange Commission that it further reduced its stake in Bank of America by $863 million over three trading days, now holding 10.5% ...

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 quarter on July 1, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of other recent quarters. This negative shift in the revisions trend reverses the ...

Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has disclosed in a regulatory filing that it recently sold $337.9 million worth of shares in Bank of America (BAC, Financial). The sales occurred over the past few days, with transactions taking place on September 30, October 1, and October 2. The shares were sold at prices ranging from $39.6141 to $39.4036 per share. This marks the 13th round of Bank of America stock transactions disclosed by Berkshire Hathaway since midJuly. Despite these sale ...

Bank of America (BAC) ended the recent trading session at $39.23, demonstrating a +0.03% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.08%. Heading into today, shares of the nation's second-largest bank had lost 3.64% over the past month, lagging the Finance sector's loss of 0.26% and the S&P 500's gain of 1.21% in that time. The investment community will be paying ...

More than 20,000 Bank of America customers on Wednesday reported issues accessing their account information, according to a site that reports on service outages in real time. Reports of service issues spiked around 12:45 p.m., according to DownDetector.com. Bank of America customers reported service issues on the mobile banking app. AP Most customers reported having issues with their mobile banking accounts. Bank of America did not immediately respond to requests for comment. Users reported being unable to ...

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About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...