Warren Buffett's Berkshire Hathaway dumps nearly $1B Bank of America shares
BACBank of America(BAC) New York Post·2024-08-28 22:22

Billionaire investor Warren Buffett’s Berkshire Hathaway sold nearly 1billionworthofBankofAmericasharesashisfirmcontinuestocutitsstakeinthesecond−largestUSlender.Theconglomeratesoldabout24.7millionBankofAmericashares,worth1 billion worth of Bank of America shares as his firm continues to cut its stake in the second-largest US lender.The conglomerate sold about 24.7 million Bank of America shares, worth 981.9 million, between last Friday and Tuesday, according to a regulatory filing Tuesday.Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July. Billionaire investor Warren Buffett’s Berkshire Hathaway ...