In this article, after a brief business recap, we will dive into BAC common stock valuation. I do not believe Warren Buffett's recent sales of BAC shares reflect him seeing a boogeyman.
Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, up $0.02 from the prior quarter.
I anticipate further sales of Bank of America stock, as Berkshire's holding of BAC has not settled in at a round figure yet. Berkshire's cash buildup positions it well in a protracted downturn.