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Saturday, 07/27/2019 8:54:16 AM

Saturday, July 27, 2019 8:54:16 AM

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"Berkshire Hathaway's BofA stake climbs above 10% amid bank's buybacks"

"Berkshire Hathaway's stake in Bank of America crept above 10%, crossing a threshold that has caused the conglomerate headaches in the past, as the bank bought back its own stock.

Berkshire said Thursday in a regulatory filing that it owned 950 million shares in the lender, a holding that put it above a 10% ownership stake. The total was also higher than the approximately 896 million Bank of America shares that Berkshire reported owning in its most recent 13F filing."

https://www.americanbanker.com/articles/berkshire-hathaways-bofa-stake-climbs-above-10-amid-banks-buybacks

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