This high-yield dividend stock is still one of Berkshire Hathaway's biggest holdings.
Berkshire Hathaway continued to reduce its stake in Bank of America in recent days, selling 11.7 million shares for about $460 million and cutting its interest in the banking company to 10.3%. Berkshire sold the shares on Wednesday, Thursday, and Friday at an average price of about $39.50, according to a Form 4 filing with the Securities and Exchange Commission late Friday. Berkshire now holds 802.7 million shares of Bank of America, a stake worth around $31.6 billion.
Jefferies post robust Q3 IB fee growth. Let's try to figure out how other banks, including JPMorgan, Citigroup, Bank of America and Goldman, will likely perform.