Warren Buffett’s Firm Sells Another $1 Billion of Bank of America Stock but Still Holds Almost 12 Percent

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., on May 5, 2019. Nati Harnik/AP Photo

OMAHA, Neb.—Investor Warren Buffett’s company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week.

Berkshire Hathaway has steadily sold off 116 million Bank of America shares since July. But it still controls nearly 12 percent of the stock in the bank based in Charlotte, North Carolina.