Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has once again made headlines by significantly trimming its stake in one of its long-standing investments, Bank of America (NYSE: BAC).According to a filing released on July 29, Berkshire Hathaway sold approximately 18.41 million shares of the bank in a strategic move between July 25 and July 29. Berkshire Hathaway BAC sale filings. Source: SEC This transaction, valued at around $770 million, follows an earlier sale this month in which Berkshire offloaded ab ...

Key TakeawaysWarren Buffett's Berkshire Hathaway sold more shares of Bank of America, a filing Monday showed, extending Berkshire's pullback after a runup in the bank's stock price. Berkshire Hathaway sold about 18.41 million shares over the last week, bringing its stake to 961.65 million shares or 12.3% of Bank of America.The move comes after Berkshire sold about 34 million shares earlier this month, when Bank of America shares hit a two-year high following an earnings beat. Warren Buffett's Berkshire Hath ...

Billionaire investor Warren Buffett has dumped more than $3 billion worth of shares in Bank of America over the past weeks, taking profits after a big run-up in the second-largest US lender’s stock price.The 93-year-old Buffett, dubbed ‘the Sage of Ohama’, disposed of 18.4 million of the bank’s shares for $767 million between July 25 and 29, according to a Monday night regulatory filing.In all, his investment conglomerate, Berkshire Hathaway, has sold 71.2 million Bank of America shares for $3.05 billion si ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Berkshire Hathaway has dumped 52.8 million shares of Bank of America stock in the last six days.Berkshire Hathaway (BRK.A 0.13%) (BRK.B 0.15%) sold off nearly 52.8 million shares in Bank of America (BAC -1.39%), its second-largest holding, over the course of six days in late July. The stake amounted to around $2.3 billion, and it is the first time Berkshire has trimmed its position in the second-largest U.S. bank since 2019.Bank of America (BofA) stock has performed well since Berkshire first invested in it ...

Warren Buffett-led Berkshire Hathaway, Inc. BRKBRK is shaving off its ownership interest in Bank of America Corp.’s BAC, one of its core holdings, and on Monday the investment holding firm disclosed the third sale for the month.What Happened: In a filing with the SEC late Monday, Berkshire disclosed it sold 18.42 million BofA shares valued at about $767 million, calculated using the weighted average price of the three tranches of transactions it provided. Following the disposal, Berkshire is still left with ...

Company Receives Accolades Throughout the Industry and Around the World for Delivering Digital Experiences that Drive Client EngagementNEW YORK and LONDON and HONG KONG, July 29, 2024 /PRNewswire/ -- This year, Bank of America has been recognized by many of the most influential industry groups and global banking award organizations around the world for its digital leadership. As the company continues to see record growth in digital engagement among clients, it recently received accolades from Euromoney, Glo ...

As the market rotation gets underway, with traders and investors showing growth in preferences for small-cap stocks and bonds, a few other cogs in the machine need to be in place first. Historically, whenever the financial markets are about to make a pivot, activity and price action around the financial sector are leading indicators for investors to consider.Bank of America TodayBACBank of America$41.67 -0.01 (-0.02%) 52-Week Range$24.96▼$44.44Dividend Yield2.30%P/E Ratio14.42Price Target$41.92Add to Watchl ...

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.For almost six decades, Berkshire Hathaway (BRK.A 1.11%) (BRK.B 1.01%) CEO Warren Buffett has been putting on a clinic for Wall Street. Despite being just as fallible as any other investor, the Oracle of Omaha has overseen a greater than 5,260,000% return in Berkshire's Class A shares (BRK.A) since taking the reins in the mid-1960s.Returns of this magnitude are why 40,000 people flock to Omaha, Nebraska, every year to hear Buffet ...

Buffett still owns more than 12% of the company. Don't let this move cause you to sell -- or buy -- stock in the bank.Here's an intriguing headline: "Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally." And another: "Warren Buffett's Berkshire Hathaway sells 34 million Bank of America shares."Buffett is arguably the best investor of the past few generations, averaging annual gains of around 20% for decades. So if his company, Berkshire Hathaway, is sheddi ...