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Warren Buffet's Berkshire Hathaway Sells $2 Billion Worth of Bank of America Shares
Benzinga
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1 year ago
Warren Buffett's Berkshire Hathaway has been reducing its stake in Bank of America over six consecutive trading days, selling shares worth over $2 billion.
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00:00
It's Benzinga, and here's what's on the block.
00:02
Warren Buffett's Berkshire Hathaway has been reducing its stake in Bank of America
00:06
over six consecutive trading days, selling shares worth over $2 billion.
00:11
The latest regulatory filing shows Berkshire sold additional Bank of America shares earlier
00:15
this week, raising over $800 million, but it still holds over $40 billion worth of shares.
00:21
Bank of America's stock is up over 25% this year, outpacing the S&P 500.
00:27
Berkshire has been exiting some other large financial holdings in recent years.
00:30
For all things money, visit Benzinga.com.
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