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Warren Buffett Reduces BofA's Holdings by US$896M Again; Remaining US$34B+ Stake Now Entirely Profit
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Regulatory filings show that Warren Buffett's investment flagship, Berkshire Hathaway (BRK.A.US), continues to sell Bank of America (BofA) (BAC.US) shares. Currently, all investments in BofA have been recouped, meaning the over US$34 billion worth of BofA shares he now holds are entirely profit. Berkshire Hathaway will sell US$896 million worth of BofA shares this week. Since mid-July, the proceeds from selling BofA shares, combined with dividends earned since 2011, have exceeded the US$14.6 billion expenditure involved in Berkshire Hathaway's purchase of BofA shares. AAStocks Financial News |
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