Berkshire Hathaway cuts its stake in Bank of America; CEO Moynihan acknowledges Buffett’s strong influence
In a recent financial move, Berkshire Hathaway has opted to reduce its investment in Bank of America. This decision comes despite positive statements from Bank of America CEO Brian Moynihan, who recently praised Warren Buffett for his substantial role as a key investor. The move to sell another portion of Berkshire’s stake in the bank has attracted attention, especially in light of Moynihan’s praise of Buffett in a recent public appearance. Buffett, known for his strategic investment choices, has long been a major shareholder in the bank, influencing its direction and strategy. Bank of America continues to perform well, making…