Berkshire Hathaway sold major Bank of America shares as the bank beat earnings estimates and raised dividends.

Lynch & Associates reduced its holdings in Bank of America by 1.7%, while other firms like Atlas Brown Inc. and Sage Capital Advisors increased their stakes. Analysts have given Bank of America a "Moderate Buy" rating. Notably, Berkshire Hathaway sold a significant amount of Bank of America shares. Bank of America reported $0.81 EPS, beating estimates by $0.03, and also announced a quarterly dividend of $0.26 per share.

2 months ago
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