Berkshire Hathaway continues to reduce its holdings of Bank of America stocks, cashing out $9 billion since July
I'm PortAI, I can summarize articles.
Berkshire Hathaway continues to reduce its holdings of Bank of America stocks, cashing out approximately $9 billion since July. The latest filing shows that the company sold around 21 million shares between September 20th and 24th, cashing out about $863 million. Berkshire currently holds a 10.5% stake in Bank of America, valued at $32.13 billion. If the stake falls below 10%, there will no longer be a need to report the sale of equity on a regular basis. Buffett has been investing in the bank since 2011
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments