澳洲幸运5开奖号码历史查询

Warren Buffett's Berkshire Hathaway Cuts Stake in Bank of America

Warren Buffett, Chairman and CEO of Berkshire Hathaway

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Key Takeaways

  • Warren Buffett's Berkshire Hathaway reduced its stake in Bank of America by 33.9 million shares over a three-day period last week.
  • The selloff reduced the company's holdings by about $1.5 billion, although it continues to have nearly 1 billion shares of the bank in its portfolio.
  • Berkshire continues to own almost a 13% stake in Bank of America.

Bank of America (BAC) shares fell in intraday trading Monday after 澳洲幸运5开奖号码历史查询:Warren Buffett’s Berkshire Hathaway (BRK.A) cut its stake in the bank by $1.5 billion.

In a regulatory filing on Friday, the company reported it had sold 33.9 million shares over a three-day period last week. The per-share sale prices ranged from $43.13 to $44.07.

Berkshire Still Owns L๊arge Stake in Bank of Amer𓄧ica

Even with the reduction, Berkshire continues to own approximately 999 million shares of BofA, worth more than $42 billion. It holds an almost 13% stake in the firm, which is the second-biggest Berkshire investment in its portfolio after Apple (AAPL).

Shares of Bank of America hit a more than two-year high last week, but have fallen ever since, including about 1% as of noon ET Monday. Still, they remain up more than 25% year-to-date. Also last week, Berkshire Hathaway shares rose to a record before losing ground. They're little changed today.

BAC, BRK.A

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  1. Berkshire Hathaway.  “.”

  2. Barron's. "."

  3. The Wall Street Journal. "."

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