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Is This Why Warren Buffett Dumped Billions Worth Of Bank Of America Stock?
• Activist PostBuffett's stock dumps could be driven by looming recession threats and the Federal Reserve's interest rate-cutting cycle, which could begin as early as mid-September and dent the bank's interest earnings. Or perhaps the 94-year-old billionaire has increased cash reserves to record levels because of elevated stock valuations amid the artificial intelligence bubble.
Whatever keeps Buffett up at night about BofA has certainly been intriguing across institutional desks, FinTwit X, and various financial media outlets. Some believe this could be a critical market inflection point. Since mid-July, the billionaire has trimmed about 13% of its BofA stake, generating $5.4 billion in proceeds…