Berkshire Hathaway Sells $3 Billion in Bank of America Shares

Warren Buffett's firm reduces its stake in BofA by 6.9% this month, maintaining a significant holding.

Berkshire Hathaway sold 71.2 million Bank of America shares over nine trading sessions.
The sales totaled $3.24 billion, reducing Berkshire's stake to 12.3%.
Bank of America remains Berkshire's second-largest equity holding after Apple.
Buffett initially invested in BofA during the 2011 financial crisis, boosting confidence in the bank.
Berkshire's latest moves come as financial stocks gain on potential Federal Reserve rate cuts.