Buffett continues to sell Bank of America shares, cashing in over 10 billion US dollars in total
The latest regulatory filing from Warren Buffett's Berkshire Hathaway shows that the company has sold $383 million worth of Bank of America (BAC.N) shares in the past three trading days. This is the 14th round of disclosed sales of BofA shares since mid-July, with a total cash-out exceeding $10 billion. Berkshire currently still holds about 10.1% stake in BofA, valued at approximately $31.4 billion.
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