Warren Buffett's Berkshire Hathaway (BRKa.N) outsold Bank of America (BAC.N), raising sales to more than $3 billion this month, booking a profit after the stock price of the second-largest US bank soared.
Berkshire sold 18.4 million Bank of America shares worth $767 million between July 25 and July 29, according to a regulatory filing late Monday.The company has sold 71.2 million shares worth $3.05 billion since July 17, reducing its holdings in the Charlotte, North Carolina-based lender by 6.9% to 961.5 million shares.Advertisement · Scroll to continue
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