Warren Buffett's Berkshire Hathaway sold off over 14.6 million shares of Citigroup

From Zacks Investment Research: 2025-05-16 14:58:00

Warren Buffett’s Berkshire Hathaway sold off over 14.6 million shares of Citigroup in the first quarter of 2025, part of a broader reduction in financial sector holdings. The company also trimmed its stakes in Bank of America and Capital One. Citigroup has been focusing on leaner operations and job cuts as part of a business restructuring initiative. The company is divesting non-core units to focus on higher-return segments like wealth management and investment banking. Citigroup’s strong liquidity position and growth prospects suggest potential long-term growth, making it advisable to hold the stock for now.



Read more at Zacks Investment Research: Buffett Offloads Citigroup Shares: Should You Follow and & Sell C Stock? – May 16, 2025