Berkshire sold approximately 19.2 million Bank of America shares for about $779 million between July 30 and Aug. 1, according to a Thursday night regulatory ...
- Berkshire Hathaway , run by billionaire Warren Buffett , extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S. bank's stock since mid-July.
That boosted the value of Berkshire's shares to over $45 billion, more than triple the $14.6 billion it paid for them. Buffett, 93, one of the world's most revered investors, told CNBC in April 2023 he liked Moynihan "enormously" and at the time did not want to sell the bank's stock. Yahoo Singapore is featuring a curated selection of some of the biggest, most important, and fascinating news that's making waves online.Berkshire sold approximately 19.2 million Bank of America shares for about $779 million between July 30 and Aug. 1, according to a Thursday night regulatory filing. Buffett's conglomerate has sold 90.4 million Bank of America shares since July 17. It remains the Charlotte, North Carolina-based bank's largest shareholder, owning 942.
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