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Retreat Continues! Buffett Sells Another $845 Million Of Bank Of America (BAC.US) Stocks, Holding Ratio Approaching 10%

Friday, Aug 30, 2024 9:40 pm ET1min read

A regulatory filing disclosed Friday evening showed that Warren Buffett's Berkshire Hathaway Inc. has again reduced its stake in Bank of America Corp. (BAC.US), selling about $845 million worth of shares, bringing its stake down to 11.4%. The conglomerate run by one of the world's most respected investors has sold more than $6 billion worth of the second-largest U.S. bank in seven rounds of sales since July.

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