Many are still wondering who’s buying a all these $BAC shares from Buffett

Many are still wondering who’s buying a
all these $BAC shares from Buffett

The answer is: $BAC itself 👇🏻

Considering $BAC is virtually insolvent which money do you think they are using to finance these buybacks? 🥲🫵🏻t.co/ceEae5LCxs

— Jack Straw (@JackStr42679640) September 25, 2024

BREAKING: Warren Buffett’s Berkshire Hathaway, $BRK.B, has sold an additional $863 million of Bank of America, $BAC, stock. pic.twitter.com/rwzPelouuK

— unusual_whales (@unusual_whales) September 25, 2024

Bank of America has taken a bold step to solidify its commitment to shareholders by renewing its $25 billion stock repurchase program, effective August 1, 2024. This strategic move replaces the previous buyback initiative, sending a clear message: the bank is dedicated to returning excess capital to its investors, reinforcing their trust and confidence in the institution.

Sources:

newsroom.bankofamerica.com/content/newsroom/press-releases/2024/07/bank-of-america-increases-common-stock-dividend-8–to–0-26-per-.html