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Buffett continues dumping Bank of America, cashing out over $10 billion in total
Golden Finance reported that Berkshire Hathaway, a subsidiary of Buffett, has sold $383 million worth of stock in Bank of America (BAC.N) in the past three trading days, according to the latest regulatory filing submitted by the company. This is the 14th round of selling Bank of America stocks disclosed by the company since mid-July, with a total accumulated trap of over $10 billion. Berkshire Hathaway still holds approximately 10.1% of Bank of America's shares, worth about $31.4 billion. (Jin10)