Warren Buffett Reduces Stake in Bank of America

Warren Buffett (Trades, Portfolio)'s firm, Berkshire Hathaway, has recently adjusted its investment in Bank of America Corp (NYSE:BAC), signaling a strategic shift in its portfolio. On October 7, 2024, the firm reduced its holdings by 9,570,980 shares, with the transaction impacting the portfolio by -0.14%. This move adjusted the firm's total shares in Bank of America to 784,549,933, maintaining a significant position with an 11.23% portfolio ratio and a 10.11% ownership in the bank.

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