CosmicTaco

Buffett's $10B Bank of America Sell-Off

CosmicTaco · 2024-10-08T13:43:35.129125+05:30

- **Warren Buffett** has sold over **$10 billion** worth of **Bank of America** stock. - **Berkshire Hathaway** now holds a **10.1% stake** in the bank, valued at **$31.4 billion**. - Buffett's sales are driven by concerns over **taxes** and **valuation**. - Proceeds are being invested in **U.S. Treasury bills**, totaling **$276.9 billion**. - Buffett sees limited opportunities in the current market for large investments. Source: [Fool](https://www.fool.com/investing/2024/10/07/warren-buffett-is-selling-bank-of-america-stock-an/?source=iedfolrf0000001), [Yahoo! News](https://ca.finance.yahoo.com/news/warren-buffett-bofa-stock-selling-231035811.html)

Warren Buffett has sold over $10 billion worth of Bank of America stock.
Berkshire Hathaway now holds a 10.1% stake in the bank, valued at $31.4 billion.
Buffett's sales are driven by concerns over taxes and valuation.
Proceeds are being invested in U.S. Treasury bills, totaling $276.9 billion.
Buffett sees limited opportunities in the current market for large investments.