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True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25. He purchased about $2.1 billion worth over 12 ...
Bank of America's P/E ratio is far lower than Apple's, closing in on 15 times earnings, but that is near the highs of the last seven years since Buffett's owned the stock.
Over the past two months, Buffett-led Berkshire Hathaway has dumped more than $7.2 billion of Bank of America stock.
The bank stock was once Berkshire's second-largest position after Apple (NASDAQ: AAPL), but Buffett is selling it and likely buying this high-yield investment instead. Warren Buffett in a suit and ...
In recent years, Bank of America (NYSE: BAC) has been Berkshire's No. 1 holding among bank stocks, but that seems to be changing. Buffett's conglomerate has been steadily selling off Bank of ...
That stock is Bank of America, which Buffett's Berkshire Hathaway has been dumping en masse. Even though the conglomerate still holds a large position, it sold about $9 billion worth of BoA shares ...
Warren Buffett is still on a selling spree. Berkshire Hathaway continues to trim its position of Bank of America, unloading an additional 21 million shares since Sept. 20, according to the ...
Buffett has been selling other stocks, too. Buffett also made waves over the past few weeks with news that he sold a chunk of Bank of America stock in increments as well. In July, he sold $2.3 ...