Warren Buffett Sells More BofA Shares, Reaping $982 Million

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By Katherine Doherty

August 28, 2024 at 2:52 AM UTC

Updated on

August 28, 2024 at 12:02 PM UTC

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Warren Buffett sold an additional $982 million of Bank of America Corp. stock as his conglomerate continues to shrink its investment in the second-largest US bank.

His Berkshire Hathaway Inc. has trimmed the stake by a total of almost 13% in a series of sales since mid-July, generating $5.4 billion in proceeds. Berkshire disclosed the latest disposals in a regulatory filing late Tuesday, detailing sales on Aug 23, 26 and 27.