Mon. Dec 23rd, 2024

Buffett Sells More BofA Shares After Buybacks Boost Stake Above 10%

Warren Buffett’s Berkshire Hathaway Inc. sold 32.5 million Bank of America Corp. shares in the third quarter, reducing its stake to 10.3% from 10.7%. The sale came after Bank of America bought back $24 billion of its own stock in the period, increasing Berkshire’s holdings. Buffett, 91, has been a longtime investor in Bank of America.

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