19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 8
- Left
- 3
- Center
- 2
- Right
- 3
- Unrated
- 0
- Last Updated
- 19 days ago
- Bias Distribution
- 38% Right
Warren Buffett's Berkshire Hathaway has sold nearly 25 million shares of Bank of America, worth approximately $1 billion, as part of a broader divestment strategy since mid-July, which has seen the sale of 129 million shares totaling $5.4 billion. Despite the sales, Berkshire remains the largest shareholder in the bank, holding over 900 million shares valued at around $36 billion. The sell-off has been accompanied by a significant increase in Berkshire's cash reserves, now at a record $277 billion, amid Buffett's concerns about an overpriced stock market. The market value of Berkshire Hathaway has surpassed $1 trillion following these stock sales. Buffett has not disclosed his reasons for the sales, maintaining his usual discretion on investment strategies.
- Total News Sources
- 8
- Left
- 3
- Center
- 2
- Right
- 3
- Unrated
- 0
- Last Updated
- 19 days ago
- Bias Distribution
- 38% Right
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19Negative
Serious
Neutral
Optimistic
Positive
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