Trade Tracker: Steve Weiss sells Bank of America
Bank of America(US:BAC) CNBC Televisionยท2025-10-17 17:22Portfolio Adjustment - The firm reduced its overall market exposure [1] - The firm sold Bank of America (BFA) stock [1] - The firm aims to avoid doubling down in financials due to a non-diversified portfolio [3] Investment Strategy - The firm maintains a core, large position in Goldman Sachs [2] - The firm prefers Goldman Sachs for its focus on underwriting cycle, IPOs, and investment banking [2] - The firm views Bank of America as having more exposure to the general consumer population [2]