Warren Buffett sells nearly $1B of Bank of America stock

Warren Buffett — the so-called Oracle of Omaha — has sold an additional 24.7 million shares from Berkshire Hathaway's (BRK-A, BRK-B) stake in Bank Of America (BAC) last week, valued at over $982 million. The sale was revealed in an SEC filing late on Tuesday afternoon. Berkshire still owns around 900 million shares of the bank.

Catalysts Anchors Brad Smith and Madison Mills break down the latest development from Berkshire Hathaway and Bank of America and what it could mean for the companies moving forward.

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