August 28, 2024 – 4:57 AM PDT
(Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway (BRKa.N) has sold some more shares of Bank of America (BAC.N) over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lender.
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Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July.
The conglomerate sold about 24.7 million shares of the lender between Aug. 23 and Aug. 27, according to a regulatory filing on Tuesday.
Shares of Bank of America were down 0.5% in premarket trading on Wednesday. They have fallen 4.8% over the last month, compared with a 1.7% fall in the KBW Bank Index…
