Warren Buffett sells more Bank of America stock, reaps $370 million

Warren Buffett sold more shares of Bank of America, lowering Berkshire Hathaway's stake to 9.97%. The sale, which brought in $370 million, followed the bank's $3.5 billion stock repurchase. Despite the sell-off, Berkshire remains the largest shareholder with a stake valued at $32.6 billion.