Recent regulatory filings made by Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) revealed that the holding company reduced its stake in Bank of America (NYSE:BAC) for the first time since 2019. Even the most favored of Warren Buffett stocks aren’t immune from a little profit-taking. Over three separate days in July, Berkshire sold 33.9 million shares of BAC stock for proceeds of nearly $1.5 billion and an average selling price of $43.56. According to WhaleWisdom.com, Berkshire paid an average price of $25.68 f ...

Core Points - Bank of America has appointed Drew Slocum as president of Bank of America Wisconsin, where he will lead the Wisconsin market and connect clients, teammates, and communities to the bank's services [1] - Slocum has over two decades of experience in financial services and has been with Bank of America since 2006, previously serving as Global Commercial Banking market executive in Wisconsin [2] - The bank aims to grow its market share in Wisconsin and enhance economic mobility and community development under Slocum's leadership [1][2] Company Overview - Bank of America is a leading global financial institution, providing a wide range of banking, investing, asset management, and risk management services to individual consumers, small and middle-market businesses, and large corporations [4] - The company serves approximately 69 million consumer and small business clients in the U.S. through about 3,800 retail financial centers and approximately 15,000 ATMs, with around 58 million verified digital users [4] - Bank of America is a global leader in wealth management, corporate and investment banking, and trading, operating in over 35 countries [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6523 Exact name of registrant as specified in its charter: Bank of America Corporation Indicate by check mark whether the registra ...

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 ...