​Buffett Sheds More BofA Shares After Buybacks Push Stake Above 10% – Tyler Durden

Buffett Sheds More BofA Shares After Buybacks Push Stake Above 10% 94-year-old Warren Buffett’s Berkshire Hathaway offloaded even more Bank of America shares this week to sustain  Bloomberg data shows Berkshire’s total proceeds from selling BofA shares topped $370 million this week. The selling abruptly began in mid-July. Berkshire’s stake is now under 10%, currently at 9.88%, which means that instead of disclosing trades every few days, this can now be done quarterly. The valuation of the position stands at around $32.64 billion (as of Thursday’s close). Bloomberg explained how a recent multi-billion share buyback purchase by BofA pushed Berkshire back over the…  — Continue at ZeroHedge News : Read More