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Warren Buffett

Berkshire reduces Bank of America stake to less than 10%

Warren Buffett takes the floor before Berkshire Hathaway's annual shareholder meeting on May 3, 2024 in Omaha, Nebraska. David A. Grogen | CNBC Warren Buffett's Berkshire Hathaway has cut its stake in Bank of America to below 10% in a…

Warren Buffett's Berkshire Hathaway cuts Bank of America stake below 10%

Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has cut its shares in Bank of America (BAC) below the 10 percent threshold, capping a three-month sale that netted the conglomerate around $10 billion. Berkshire said Thursday that it reduced its stake in…