Warren Buffett's Berkshire Hathaway has been steadily reducing its stake in Bank of America, with total sales nearing $7 billion. Despite this, some see potential in the stock; Bank of America encourages investment in Nvidia following a 15% stock slide, identifying a compelling buying opportunity. This advice is echoed in their approach to tech stocks more broadly, advocating for investors to 'buy the dip'. Internal matters are also of note, with an internal probe being opened after a whistleblower claimed nonpublic information was shared with investors in India. Attention is also drawn to the bank's financial performance in view of these sales; even with lower earnings than the previous year, Bank of America investors have enjoyed a 40% increase.
Bank of America Stocks News Analytics from Tue, 12 Mar 2024 07:00:00 GMT to Sun, 08 Sep 2024 15:29:29 GMT -
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