Bank of America Stock (BAC): Buffett’s Berkshire Trims Stake - TipRanks.com

Category: Finance

Berkshire Hathaway sold approximately 33.9 million shares of Bank of America for $1.48 billion, reducing its ownership to about 999 million shares valued over $42 billion. This divestment follows BAC's Q2 results, which, despite exceeding earnings estimates, showed a 5.7% profit drop. Analysts maintain a Moderate Buy consensus on BAC stock, with a price target suggesting a 5.3% upside potential.

Keywords: Berkshire Hathaway, Bank of America, stock market

Source: Tipranks

Update At: 7/25/2024

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