Billionaire Warren Buffett Sells Bank of America: 3 Possible Reasons Why

Category: Finance

Warren Buffett sold approximately 34 million shares of Bank of America, marking a 3.4% reduction in his stake. This is his first sale since 2019, raising questions about his motivations, which may include raising cash for successors, preparing for potential corporate tax increases, and concerns over Bank of America's performance and unrealized losses.

Keywords: Warren Buffett, Bank of America, Berkshire Hathaway

Source: The Motley Fool

Update At: 7/25/2024

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