Berkshire Hathaway Sells $1.48 Billion in Bank of America Shares

The conglomerate reduces its stake while maintaining a significant holding in the bank.

Berkshire Hathaway sold approximately 33.9 million Bank of America shares.
The sale reduced Berkshire's ownership to about 999 million shares.
This move aligns with Berkshire's recent trend of trimming its holdings in various companies.
Berkshire's initial investment in Bank of America began in 2011 amid concerns over the bank's capital needs.
Bank of America remains one of Berkshire's largest stock holdings.