Warren Buffett’s Berkshire Hathaway Trims Bank Of America Stake Below 10% Amid Recent Sales

  • 4 days ago
Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10%, selling over 9 million shares in a three-day period this week. The stake now stands at approximately 9%. As Berkshire no longer holds more than 10% of Bank of America’s shares, the company is no longer required to disclose transactions as frequently under SEC rules. Bank of America remains Berkshire's largest institutional holding. Bank of America shares have risen about 1% in the past month despite the sales.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below
00:0710%, selling over 9 million shares in a three-day period this week.
00:11The stake now stands at approximately 9%.
00:14As Berkshire no longer holds more than 10% of Bank of America shares, the company is
00:18no longer required to disclose transactions as frequently under SEC rules.
00:23Bank of America remains one of Berkshire's largest institutional holdings.
00:28Bank of America shares have risen about 1% in the past month despite the sales.
00:32For all things money, visit Benzinga.com.

Recommended

0:35
I
Up next
Warren Buffett Sells Another $982M Worth Of Bank Of America Shares — What You Should Know
Benzinga
11:03
Canoo Builds Modular EV Solutions For Commercial And Government Clients
Benzinga
0:46
Warren Buffett's Berkshire Hathaway Further Pares Bank Of America Stake, Offloads Shares Worth $3.8B In 2 Weeks
Benzinga
3:11
Trump's Late-Night Rant: Claiming 'flawless' Health as he Attacks Kamala Harris' Health Report
Oneindia
3:04
Upcoming Assembly Elections in Maharashtra and Jharkhand| Key Updates and Candidate Lists
Oneindia
3:09
India’s Jaishankar Visits Pakistan After Nearly a Decade—What to Expect from SCO Summit in Islamabad
Oneindia
0:38
Warren Buffet's Berkshire Hathaway Sells Over $3 Billion in Bank of America Shares
Benzinga
0:34
Goldman Sachs Q3 Earnings Beat Estimates, Profit Jumps 45%
Benzinga
0:35
Auto Makers Unveil New Electric Models at Paris Motor Show
Benzinga
0:34
Warren Buffett's Berkshire Hathaway Reveals It Has Secretly Invested in Insurer Chubb
Benzinga
0:36
EV Chipmaker Wolfspeed Secures $750M Government Grants for NC Wafer Factory
Benzinga
0:36
Southwest Faces Proxy Battle as Elliott Pushes for Board Overhaul Ahead Of Holiday Travel Season
Benzinga
0:38
Honeywell CEO Vimal Kapur Sees AI as Solution to Labor Shortage, Sees AI Co-Pilots Working Alongside Skilled Labor.
Benzinga
0:37
Boeing to Issue Layoff Notices Amid Strikes, Cut 17,000 Jobs
Benzinga
0:33
True Value Files for Chapter 11. Aims For Sale By Rival Do It Best By Year's End.
Benzinga
0:37
Warren Buffett Moves: Berkshire Hathaway Reduces Bank Of America Holdings By $863M
Benzinga
0:34
Warren Buffet's Berkshire Hathaway Sells $2 Billion Worth of Bank of America Shares
Benzinga
0:44
Warren Buffett-Led Berkshire Hathaway Pares Bank Of America Stake By $338M, Marking 13th Round Of Sales Amid Growing Speculation On Strategic Shifts
Benzinga
0:55
Here's How Much Warren Buffett's Berkshire Hathaway Will Earn in Dividends from Its New Stake in Chubb
Benzinga
0:43
Warren Buffett's Berkshire Trims Position In Its Second Biggest Stock Holding By $3.2B This Month: What It Means For Investors?
Benzinga
3:47
Warren Buffett-Led Berkshire Hathway's Ginormous $157B Cash Pile Is Nearing Levels Held By One Of Its Biggest Equity Bets
Benzinga
0:43
Warren Buffett's Top Executive Ajit Jain Sells Over Half His Berkshire Hathaway Stake For $139M Amid Speculation On Stock Valuation And Kamala Harris's Tax Policies
Benzinga
0:46
Is Warren Buffett Bearish Or Waiting To Pounce? Berkshire Now Owns More T-Bills Than Federal Reserve, Several Countries
Benzinga
0:39
Warren Buffett's Berkshire Hathaway Reportedly Raises $1.9B Through Largest Samurai Bond Sale In 5 Years
Benzinga
0:35
Warren Buffet's Berkshire Hathaway Sheds Apple, Paramount Stock
Benzinga