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Key Points Warren Buffett's Berkshire Hathaway sold shares of Bank of America and added shares of Domino's Pizza in the first ...
Berkshire still owns a 10.5% stake in the bank worth about $33 billion, making it the conglomerate’s third-largest public holding.
We recently published Jim Cramer Discusses These 10 Stocks & AI-Led Disinflation. Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer recently discussed. Bank of America Corporation ...
Berkshire sold 48,660,056 shares of Bank of America, cutting its position 7%. Nevertheless, it still ranks as the fourth-largest position in the company's stock portfolio. Berkshire bought 238,613 ...
However, Buffett has over $1 trillion of Berkshire's portfolio invested in other publicly traded companies. Roughly $187 billion of that total is spread across only five stocks. Where to invest $1,000 ...
Earnings Estimates: Analysts expect Bank of America to report second-quarter revenue of $26.81 billion, up from $25.54 billion in last year's second quarter, according to data from Benzinga Pro. The ...
Buffett cut his holdings of Bank Of America by 15% sequentially to 680,233,587 of its shares.
NEW YORK Warren Buffett comes to the rescue again. Buffett s Berkshire Hathaway Inc. announced Thursday that it would invest $5 billion in Bank of America Corp., a much-needed vote of confidence.
Buffett holds steady with Apple, now 26% of Berkshire's portfolio, while trimming Bank of America, signaling cautious views on banking stocks. See more on BRK.A here.
Bank of America currently trades at 1.7 times tangible book value, a premium to the 10-year average of 1.5 times tangible book value. But the multiple actually hit 1.8 in the first quarter.
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