Berkshire Hathaway, led by Warren Buffett, sold $863m Bank of America stock, dropping stake to 10.5%.

Berkshire Hathaway, led by Warren Buffett, has sold $863 million in Bank of America stock, lowering its stake to about 10.5%. This move approaches a 10% regulatory threshold, which mandates quicker trade disclosures. Buffett began this reduction in mid-July, yet Berkshire remains the largest shareholder in Bank of America, holding a stake valued at $32.1 billion as of the latest closing price.

September 25, 2024
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