Berkshire Hathaway Sells $10 Billion in Bank of America Shares

Warren Buffett's strategic divestment raises questions about economic outlook and market valuation.

Berkshire Hathaway has reduced its stake in Bank of America from 13.1% to 10.1% since July, netting over $10 billion.
The sale has contributed to a nearly 7% decline in Bank of America's stock price, while the broader banking index has risen by 2%.
Buffett's move is seen by some as a signal of caution regarding the U.S. economy and stock market valuations amid inflation and high interest rates.
Berkshire's recent sales align with Buffett's strategy of minimizing tax liabilities ahead of potential corporate tax rate increases.
Buffett has also reduced holdings in other major stocks, including a significant portion of Apple, while increasing investments in U.S. Treasury bills.