BofA stock dips as Berkshire Hathaway trims stake further

Berkshire Hathaway News

BofA stock dips as Berkshire Hathaway trims stake further
Bank Of AmericaWarren BuffettSeana Smith
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Shares of Bank of America (BAC) are trading lower Friday following news that Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has further reduced its...

The recent transactions bring the total value of Bank of America shares sold by Berkshire since mid-July to $3.8 billion.But you're taking a look at losses here for Bank of America just about 4% on the headlines surrounding Bank of America specifically this morning that Warren Buffett 's Berkshire Hathaway off Hathaway offloading more Bank of America shares when you take into account exactly what this ultimately means here for the stock.

And as of Thursday's close, you have Bank of America falling to the number three spot on Berkshire's list of top holdings.I was mentioning the fact that they do remain very large shareholder there in the bank.Can you catch E. coli in the Seine? Is there a COVID outbreak? How is Colin Jost's foot? Your Olympics health questions answered.

Competition Tops 177 Million Hours Watched as More Than 1 Million Visitors Take in World’s Largest Esports and Gaming Festival in Riyadh Esports World Cup: League of Legends Esports World Cup: League of Legends at the Qiddiya Arena at the Esports World Cup in Saudi Arabia Esports World Cup Highlights Esports World Cup Highlights Through the First Four Weeks of Competition Riyadh, Saudi Arabia, Aug. 02, 2024 -- Tournaments featuring Mobile Legends: Bang Bang, League of Legends, DU.S.

Cystic Fibrosis Market to Grow at USD 10.85 Billion By 2032 With Advancements in Disease Understanding and Targeted Therapies | Research by SNS Insider

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Bank Of America Warren Buffett Seana Smith

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Berkshire Hathaway slashes BofA stake againBerkshire Hathaway slashes BofA stake againBank 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...
Read more »

Berkshire Hathaway cuts stake in China’s BYD to below 5%Berkshire Hathaway cuts stake in China’s BYD to below 5%Berkshire began investing in Shenzhen-based BYD in 2008 when it paid $230 million for about 225 million shares, then equal to a 10% stake
Read more »

Does Warren Buffett's age directly impact his stock?Does Warren Buffett's age directly impact his stock?Berkshire Hathaway CEO Warren Buffett (BRK-A, BRK-B) has another milestone birthday coming up – 94 years. The birthday calls into question how much longer...
Read more »

Warren Buffett Dumps BofA’s Stock for 12th Straight Trading DayWarren Buffett Dumps BofA’s Stock for 12th Straight Trading Day(Bloomberg) -- Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a...
Read more »

Buffett Cuts BofA Stake Again, Unloading $3 Billion This MonthBuffett Cuts BofA Stake Again, Unloading $3 Billion This Month(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. disclosed its third disposal of Bank of America Corp. shares this month — paring its massive...
Read more »

S&P 500 looks pretty well positioned: BofA strategistS&P 500 looks pretty well positioned: BofA strategistStock markets (^DJI, ^IXIC, ^GSPC) are still uncertain about when a Federal Reserve rate cut might materialize in 2024. Savita Subramanian, BofA Securities...
Read more »



Render Time: 2025-02-15 01:12:04