Berkshire Hathaway's Bank Of America Stake
Warren Buffett's position in Bank Of America is currently worth $27.9 Billion. That's 11.29% of their entire equity portfolio (4th largest holding). The investor owns 8.39% of the outstanding Bank Of America stock. The first Bank Of America trade was made in Q2 2007. Since then Warren Buffett bought shares twelve more times and sold shares on 23 occasions. The stake costed the investor $16.4 Billion, netting the investor a gain of 70% so far.
News about Bank Of America Corp. and Warren Buffett
Buffett's actions imply you shouldn't buy Bank of America stock above this price
Warren Buffett has sold Bank of America for 12 straight days, for the third time in less than three months, but the prices he sold the stock shows that's not...
Berkshire unloads more Bank of America shares
Berkshire Hathaway unloaded more Bank of America stock this week, boosting sales since mid-July to nearly $10 billion as Warren Buffett simplifies part of hi...
Warren Buffett just dumped $337 million of this stock
Warren Buffett and his Berkshire Hathaway (NYSE: BRK.A, BRK.B) offloaded another $337.9 million worth of Bank of America (NYSE: BAC) shares in three separate...
Buffett's Bank Stock Strategy: Is His Profit on Bank of America a Reason to Invest in These Promising Banking Turnarounds?
Warren Buffett is often considered a buy-and-hold investor, but that's not how he treats every investment. Should you follow his bank strategy?