Buffett reduced his stake in Bank of America by $1.5 billion. Is Bank of America going to collapse?
Warren Buffett recently reduced his stake in Bank of America by about 33.89 million shares through Berkshire Hathaway, cashing out about $1.476 billion.
This is the first time he has reduced his stake in the bank since 2020, which has attracted market attention. The reduction may be due to capital rebalancing, risk management or tax planning considerations.
Although the market has fluctuated in the short term, Buffett's investment philosophy emphasizes long-term value investment, indicating that he attaches more importance to the fundamentals and long-term development of the company.
Investors should look at this move rationally and make decisions based on their personal investment goals and risk tolerance.