13:03 - 17.02.2025

---

February 17, Fineko/abc.az. Warren Buffett's Berkshire Hathaway has reduced its shares in some of the largest US banks in the last 3 months of 2024.

As follows from the investment company's notices to the U.S. Securities and Exchange Commission (SEC), in the last quarter of the year, Berkshire Hathaway sold 73% of its securities to Citigroup.

This is 40.6 million shares worth $2.4 billion.

In addition, Berkshire continued to dispose of Bank of America securities. In 3 months,it sold 95 million shares of the bank, reducing its stake to 8.9%. And the conglomerate reduced its stake in Capital One by almost 20%, selling 1.7 million shares of the banking group.