Billionaire Warren Buffett Dumps $3,230,000,000 of Berkshire’s Exposure To Citigroup, Bank of America and Capital One After Exiting Wells Fargo, JPMorgan Chase

Billionaire Warren Buffett Dumps $3,230,000,000 of Berkshire’s Exposure To Citigroup, Bank of America and Capital One After Exiting Wells Fargo, JPMorgan Chase


Billionaire Warren Buffett just sold about $3.23 billion of Berkshire Hathaway’s stake in Citigroup, Bank of America and Capital One.

After eliminating Berkshire Hathaway’s stake in JPMorgan Chase and Wells Fargo in recent years, new filings show Buffett continues to place US banks on the chopping block.

Berkshire has now also completely exited Citigroup, unloading its remaining 14,639,502 shares worth about $1 billion in Q1 of this year.

Trending: President Trump Reveals Touching Reason He Was In Such A Hurry To Leave UAE

Meanwhile, the firm unloaded an additional 48.7 million Bank of America shares in Q1, worth about $2.19 billion. Berkshire Hathaway now holds 631,573,531 shares of the financial giant.

And Berkshire also dropped about $46,489,000 in Capital One exposure, or 300,000 shares, with the firm now holding onto 7.15 million shares.

Buffett’s firm further sold all shares of

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!