Warren Buffett dumps $3B worth Bank of America shares to cash in on soaring stock price
Bank of America(BAC) New York Post·2024-07-30 14:25Billionaire 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 ...