Bank Of America Corp (BAC) Is A Long Time Berkshire Hathaway Holding

Bank Of America Corp (NYSE:BAC) is different long-time Berkshire Hathaway holding. The concern elephantine had disclosed holding 679 cardinal shares that were worthy $17.2 cardinal successful Q3 2017. It maintained this level until Q2 2018 and saw the stake's worth leap to $19.1 billion. Then, Berkshire gradually grew the fig of shares that it held to 1.01 cardinal successful Q3 2020. It sustained these holdings until Q4 2022 and bumped them up to 1.03 cardinal successful the consequent quarter. The stake's worth peaked astatine $41 cardinal successful Q2 2024, and it, and the fig of shares person dropped since then. The latest involvement is worthy $25 cardinal and comes courtesy of 513 million.

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Citi was retired with constructive sum for Bank Of America Corp (NYSE:BAC)'s shares connected June 23rd. It reiterated a Buy standing and accrued the stock terms people to $66 from $62. The slope based its optimism connected Bank Of America Corp (NYSE:BAC)'s commentary and remarked that it expected the sum people to present beardown 2nd 4th earnings. On the 26th, Truist raised the stock terms people to $64 from $61 and kept a Buy standing connected the stock.

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