Buffett continues dumping Bank of America, cashing out over $10 billion in total

DailyNews

2024-10-08 00:12:50

BAC-2,8%

Golden Finance reported that Berkshire Hathaway, a subsidiary of Buffett, has sold $383 million worth of stock in Bank of America (BAC.N) in the past three trading days, according to the latest regulatory filing submitted by the company. This is the 14th round of selling Bank of America stocks disclosed by the company since mid-July, with a total accumulated trap of over $10 billion. Berkshire Hathaway still holds approximately 10.1% of Bank of America’s shares, worth about $31.4 billion. (Jin10)

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments