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2 Warren Buffett stocks to buy after Berkshire Hathaway reduces stake in Bank of America
BACBank of America(BAC) Finbold· Finbold·2024-08-02 17:29

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has made a significant move by reducing its stake in Bank of America (NYSE: BAC) for the first time since 2019. According to a filing, Berkshire sold 33.9 million shares of BAC stock over three days in July, garnering nearly 1.5billionatanaveragesellingpriceof1.5 billion at an average selling price of 43.56 per share. Despite this substantial sale, Bank of America remains a cornerstone in Berkshire’s $398 billion portfolio, holding its position as the second-largest investment. This strateg ...