Warren Buffet's Berkshire Hathaway Sells Over $3 Billion in Bank of America Shares

  • 26 days ago
Warren Buffet's Berkshire Hathaway has sold over $3 billion in Bank of America shares since mid-July. Berkshire remains Bank of America's largest shareholder, with 900 million shares, valued at $37 billion. Sales are required to be reported until Berkshire's stake falls below 10%. The sales followed a significant rise in Bank of America's stock price, which boosted the value of Berkshire. The conglomerate began investing in BOA in 2011, showing Warren Buffett's confidence in CEO Brian Moynihan's leadership in reviving the bank post-2008 financial crisis.

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