Berkshire Trims Bank of America Stake Again

Berkshire Trims Bank of America Stake Again · The Wall Street Journal

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Warren Buffett's Berkshire Hathaway sold more Bank of America. The bank said in its earnings release this week that it bought back $3.5 billion in stock during the third quarter. Berkshire disclosed late Thursday that it then sold about $370 million of the bank's shares, bringing its stake below 10%, according to the Sept. 30 count of Bank of America's outstanding shares.