news

the latest move of warren buffett, the stock god, is revealed: he cashed out 6.3 billion yuan! why did he keep selling american banks?

2024-09-20

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

editor du yu

"the god of stocks" buffett has made another move.

buffett's berkshire hathaway cashed out us$896.1 million (about rmb 6.3 billion) from its stake in bank of america.from september 17 to september 19, berkshire reduced its holdings of bank of america three times.total sold 22,272,071 shares

image source: visual china

buffett continues to reduce his holdings in bank of america.

local time8moon30on , the u.s. securities and exchange commission (SEC) disclosed documents showing that berkshire hathaway sold about210010,000 shares of bank of america, cashed out8.48billions of dollars.after this reduction, buffett's berkshire hathaway's shareholding in bank of america's outstanding shares fell to 11.4%. according to relevant regulations, if the shareholding ratio exceeds 10%, the transaction needs to be disclosed within a few days; if the shareholding ratio does not exceed 10%, there is no need to disclose the transaction as soon as possible, and it may usually take several weeks to disclose it in each quarterly report.