If Berkshire drops its stake under 10%, it will no longer have to file with the SEC for any changes in its Bank of America holding within two business days. Berkshire would have t

One of the Oracle of Omaha's favorite stocks to buy is Berkshire Hathaway's new leading provider of dividend income.

Warren Buffett's Berkshire Hathaway (BRK.B) has shed more Bank of America (BAC) stock, selling shares worth about $900M. Read more.

Buffett's Berkshire Hathaway, the biggest shareholder in BofA, has been trimming its stake in the U.S. lender, making total share sales since mid-July of nearly $7 billion. Berkshire holds a stake in Bank of America of about 11.1%, according to LSEG data. Moynihan said the market is absorbing Buffett's stock sale.

Warren Buffett’s continued disposals of Bank of America Corp. shares have now covered the billionaire’s investment cost, leaving him with a more than $34 billion stake that’s pure profit.