Berkshire Hathaway Sells $982 Million in Bank of America Shares
Berkshire Hathaway Sells $982 Million in Bank of America Shares
Berkshire Hathaway Sells $982 Million in Bank of America Shares
News summary

Warren Buffett's Berkshire Hathaway has sold an additional $982 million worth of Bank of America shares, continuing its trend of divesting from the second-largest U.S. bank, which has totaled approximately $5.4 billion since mid-July. The recent sale involved 24.7 million shares and was disclosed in a regulatory filing, revealing transactions conducted on August 23, 26, and 27. Despite these sales, Berkshire remains the largest shareholder of Bank of America with 903.8 million shares, valued at $35.85 billion based on the latest closing price. This shift in strategy is notable given Buffett's previous praise for Bank of America and CEO Brian Moynihan. Additionally, Berkshire has also reduced its stake in Apple significantly, raising questions about its investment strategy amidst a record cash reserve of nearly $277 billion. The Bank of America stock has seen a slight decline recently, reflecting broader trends in the banking sector.

Story Coverage
Bias Distribution
33% Center
Information Sources
71639883-fbbd-48af-8cc3-393f63e7b2efa3544a73-dab3-486d-ae75-bd4d15f01f55538ad27c-7e41-4215-a5e1-3c6c21cfd9ff
Left 33%
Center 33%
Right 33%
Coverage Details
Total News Sources
3
Left
1
Center
1
Right
1
Unrated
0
Last Updated
22 days ago
Bias Distribution
33% Center

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

19Negative

Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News