Berkshire Hathaway sells $1.48 billion worth of Bank of America shares.

From Investing.com: 2024-07-20 02:30:29

Berkshire Hathaway sold 33.9 million Bank of America shares for $1.48 billion. After the sale, Berkshire still owns around 999 million BofA shares. Warren Buffett’s conglomerate began investing in BofA in 2011, purchasing $5 billion of preferred stock plus warrants for 700 million common shares. Berkshire is a major shareholder in several banks, including BofA.



Read more at Investing.com: Berkshire sells around $1.48 billion Bank of America shares, filing shows By Reuters