Warren Buffett Just Sold $1.5 Billion of Berkshire Hathaway's Second-Largest Holding. Here's Why.

Category: Finance

Warren Buffett has sold $1.5 billion of Bank of America stock, reducing Berkshire Hathaway's stake by 3.3%. This move may be due to the stock's strong performance and favorable tax implications. Despite the sale, Buffett still values the business but may not see significant growth ahead. Analysts suggest caution for potential investors in Bank of America, as it was not included in a list of top stock picks.

Keywords: Warren Buffett, Bank of America, Berkshire Hathaway

Source: Yahoo Finance

Update At: 7/25/2024

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