Buffett’s investment fund Berkshire is again reducing its stake in Bank of America, selling $3 billion this month

One year later Warren Buffett He called his multibillion-dollar bet on Bank of America Corp. an investment worth keeping, but he’s selling it.

Buffett subsidiary Berkshire Hathaway Inc. unveiled its third stock sale this month, reducing its massive and profitable stake in the lender by a total of more than $3 billion.