​Is This Why Warren Buffett Dumped Billions Worth Of Bank Of America Stock? – Tyler Durden

Is This Why Warren Buffett Dumped Billions Worth Of Bank Of America Stock? Market observers have been puzzled by Warren Buffett’s Berkshire Hathaway’s abrupt selling of billions of dollars of its long-held stake in Bank of America since mid-July. Buffett’s stock dumps could be driven by looming recession threats and the Federal Reserve’s interest rate-cutting cycle, which could begin as early as mid-September and dent the bank’s interest earnings. Or perhaps the 94-year-old billionaire has increased cash reserves to record levels because of elevated stock valuations amid the artificial intelligence bubble. Whatever keeps Buffett up at night about BofA has certainly been intriguing across institutional desks, FinTwit…  — Continue at ZeroHedge News : Read More