Buffett's Berkshire continues to reduce Bank of America stake
- Posted on October 18, 2024
- By Business News Today
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Buffett's Berkshire continues to reduce Bank of America stake
Berkshire Hathaway, led by Warren Buffett, has continued to sell Bank of America shares. Nearly 8.7 million shares were sold for $370 million as of Oct. 15. Previously, 9.5 million shares were sold for $382.4 million, reducing Berkshire's stake in Bank of America to below 10%. The selling began in mid-July.
