Warren Buffett Dumps $1.5 Billion Worth Bank of America Shares

Category: Finance

Warren Buffett's Berkshire Hathaway has sold $1.5 billion worth of Bank of America shares, offloading 33.9 million shares at an average price of $43.56. This sale has reduced Berkshire's stake in BAC to 10.8%, making Buffett the second-largest holder of BAC shares. Despite the sell-off, Berkshire still holds 999 million shares valued at $43 billion. This marks the first sale of BAC shares since late 2019, raising concerns about potential further reductions in holdings, including a recent cut in Apple shares.

Keywords: Warren Buffett, Berkshire Hathaway, Bank of America

Source: Watcher Guru

Update At: 7/25/2024

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