Warren Buffet's Berkshire Hathaway Sells $2 Billion Worth of Bank of America Shares

  • 3 months ago
Warren Buffett's Berkshire Hathaway has been reducing its stake in Bank of America over six consecutive trading days, selling shares worth over $2 billion.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Warren Buffett's Berkshire Hathaway has been reducing its stake in Bank of America
00:06over six consecutive trading days, selling shares worth over $2 billion.
00:11The latest regulatory filing shows Berkshire sold additional Bank of America shares earlier
00:15this week, raising over $800 million, but it still holds over $40 billion worth of shares.
00:21Bank of America's stock is up over 25% this year, outpacing the S&P 500.
00:27Berkshire has been exiting some other large financial holdings in recent years.
00:30For all things money, visit Benzinga.com.

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