Companies

Warren Buffett’s Berkshire Offloads More Bank of America Stock, Dropping Stake to Under 10 Percent

Berkshire Hathaway has sold another 9.5 million Bank of America shares, reducing its stake below a key regulatory reporting threshold of 10 percent.
Warren Buffett’s Berkshire Offloads More Bank of America Stock, Dropping Stake to Under 10 Percent
Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., on May 5, 2019. Nati Harnik/AP Photo
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Warren Buffett’s Berkshire Hathaway has trimmed its stake in Bank of America by another 9.5 million shares, worth around $382 million, dropping his company’s holdings in the bank to less than 10 percent, a key reporting threshold.

Berkshire disclosed the latest sale in a regulatory filing with the U.S. Securities and Exchange Commission (SEC) on Oct. 10, bringing the total value of Bank of America stock that Buffett’s company has sold in a selling spree that began in July to roughly $10 billion.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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