BUZZ-Citigroup, Bank of America fall after Berkshire cuts stake

Reuters
02-18
BUZZ-Citigroup, Bank of America fall after Berkshire cuts stake

** Shares of U.S. banking giants Citigroup C.N and Bank of America BAC.N fall 1.2% and 0.4%, respectively, premarket

** After market on Friday, Warren Buffett's Berkshire Hathaway BRKa.N disclosed it had reduced holdings in four banks, including Citi and BofA

** Berkshire lowered stake in Citi by ~74% to 14.6 mln shares, and BofA by ~15% to 680.2 mln shares, it revealed in a regulatory filing detailing holdings as of Dec. 31

** During the fourth quarter, Berkshire also reduced its stakes in consumer lenders Capital One COF.N and Brazilian fintech Nu Holdings NU.N

** U.S.-listed shares of Nu, which does business as Nubank, fell 2.5% premarket

** Citi shares rose nearly 37% in 2024, while BAC climbed roughly 31%

(Reporting by Manya Saini in Bengaluru)

((Manya.Saini@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10