Major deals

Berkshire Hathaway Warren Buffett increased its stake in Bank of America to 11.3%, buying 34 million shares for $800 million this week. The entire bank is now valued at $24.1 billion. The purchase of more BofA shares came after Berkshire sold the majority of its stake in Goldman Sachs in early 2020, reduced its position in JPMorgan Chase, and reduced its obligations to the U.S. banks Bancorp and Bank of New York Mellon.