has been a steady seller of bank stocks in the past few years, eliminating holdings in
Goldman Sachs Group
while sharply reducing stakes in U.S. Bancorp and Bank of New York Mellon in 2022.
The one big holding that Berkshire Hathaway (tickers: BRK. A, BRK. B) CEO Warren Buffett has left alone is
Bank of America
(BAC). Berkshire owns just over one billion shares of the bank, which were worth about $28 billion with the stock down 2.7% to $27.98 on Wednesday. Berkshire’s Class A stock was off 2.9% at $448,500.