Previous close | 0.2400 |
Open | 0.2400 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 49.00 |
Expiry date | 2025-01-17 |
Day's range | 0.2400 - 0.2400 |
Contract range | N/A |
Volume | |
Open interest | N/A |
US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders.
On September 19, 2024, Warren Buffett (Trades, Portfolio)'s firm made a notable adjustment in its investment portfolio by reducing its stake in Bank of America Corp (NYSE:BAC). Following this move, the firm still holds a substantial number of shares, totaling 835,908,435, which represents a 10.77% ownership in the company. This adjustment has led to a slight decrease in the portfolio's exposure to Bank of America, now accounting for 12.05% of the total holdings.
Berkshire Hathaway resumed sales of Bank of America stock in recent days, unloading about $900 million worth of shares and dropping its stake in the big bank to $34 billion, or 10.8% of the shares outstanding. Berkshire sold 22.3 million shares of Bank of America on Tuesday, Wednesday, and Thursday at prices averaging $39.58 to $40.78, according to a Form 4 filing with the Securities and Exchange Commission late Thursday. Berkshire now owns 836 million shares.