Greg Abel continues selling Bank of America shares for seventh quarter

fool.com

Greg Abel, Warren Buffett's successor at Berkshire Hathaway, appears to have sold Bank of America shares for the seventh consecutive quarter. Berkshire's first-quarter financial statements show a decrease in its "Banks, insurance, and finance" cost basis, suggesting continued divestment from its former second-largest holding. This move follows a pattern of selling initiated by Buffett, who reduced Berkshire's Bank of America stake by 50% before his retirement.


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Greg Abel continues selling Bank of America shares for seventh quarter | News Minimalist