Billionaire Warren Buffett Sold $10.5 Billion of Bank of America Stock, but Has Spent Almost $78 Billion Piling Into Another Financial Colossus
It's possible this selling is stock specific. Among money-center banks, BofA is the most sensitive to changes in interest rates. When the Federal Reserve hiked the federal funds rate by 525 basis points between March 2022 and July 2023, it provided an ...