Buffett Selling Bank Of America Is A Warning

Summary:

  • Warren Buffett’s Berkshire Hathaway has been selling shares in Bank of America and other long-term holdings, likely an effort to raise cash before a potential bear market.
  • BAC has widely underperformed both the S&P 500 and financial sector since 2007, including trading over the past year.
  • A subset of technical indicators is highlighting a rare sell signal, suggesting material downside risk, especially in a recession scenario.
  • Limited upside potential matched against the substantial risk of loss lead me to maintain a Sell rating on Bank of America for the next 12 months.
Young woman balancing on large coral columns

Klaus Vedfelt

Warren Buffett‘s Berkshire Hathaway (BRK.A) (BRK.B) has been a regular seller from its large Bank of America (NYSE:BAC) stake in 2024. Last week another huge share dump was reported to the


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