Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.
The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.
BELLINGS Intelligence Score: 12
Why it matters
Berkshire Hathaway adjusting its equity stakes in major companies like Bank of America is routine portfolio management activity with limited immediate impact on credit markets or underwriting standards.
Sources
Fortune
Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.