Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM after selling his stakes in Bank of ...

Billionaire Warren Buffett is pouring hundreds of millions of dollars into a single investment after creating a huge cash ...

The Oracle of Omaha has jettisoned more than 401 million shares of Bank of America stock since mid-July 2024, and built up a ...

The legendary investor has shaped the world of finance for more than half a century. But despite his imminent retirement, ...

Berkshire originally acquired Bank of America stock through warrants it received when it acquired $5 billion worth of preferred stock in 2011. Buffett exercised those warrants in 2017 to buy 700 ...

When Buffett initially acquired $5 billion in preferred BofA stock in August 2011, Bank of America's common stock was valued at a 62% discount to book value. As of the closing bell on Feb. 14, it ...

This is a big reason for the valuation gap. BAC Price to Tangible Book Value data by YCharts While Bank of America is unlikely to ever catch JPMorgan, it can do better than 13.2% ROTCE.

Bank of America is far from the only company Buffett's been cutting down on. He sold over half of Berkshire's position in Apple between Q4 of 2023 and Q2 of this year.

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July. Berkshire Hathaway's American Express stake is now more valuable than its Bank of America bet.

Buffett has long been a fan of Bank of America, singing the praises of CEO Brian Moynihan time and again, and he's owned the stock since he bought preferred shares of BofA in 2011.

Warren Buffett's Berkshire Hathaway sold off more shares of Bank of America, according to a regulatory filing. This latest sales on Friday, Monday, and Tuesday totaled 5.8 million shares valued at ...