Bank of America (BAC) is in focus after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) further reduced its holdings in the bank. Over the last month...
) further reduced its holdings in the bank. Over the last month, Berkshire has sold over $3 billion worth of shares, bringing its total holdings down to 961.5 million shares.The move coming after Warren Buffett slashed his stake in the big bank Berkshire Hathaway has now sold $3 billion of the stock in the last month, reducing its holdings by 6.9% to 961.5 million shares.
Still, though, to put this even further in perspective, Berkshire holds almost 962 million shares That's worth nearly $40 billion.So, yes, Buffett is pulling back just a bit from the bet that he has made one, that he has been very vocal about the the the opportunity that he has seen in Bank of America over the last several years.He has long been the top shareholder here in Bank of America, so pairing that stake just a bit.
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