Berkshire Sells Citigroup Stake

This is a Berkshire news story, published by Yahoo Finance, that relates primarily to Warren Buffett news.

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Berkshire Hathaway

The Motley Fool

•

Business

Business & Economics

Did Warren Buffett Make a Mistake by Selling This Cheap, High-Yield Stock?

Summary

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79% Informative

Warren Buffett and his company, Berkshire Hathaway , disclosed what stocks they held at the end of the fourth quarter of 2024 in the company's 13F filing.

Berkshire dumped 73% of its stake in Citigroup (NYSE: C), previously a top-20 position in Berkshire 's portfolio.

Citigroup has disappointed investors with lackluster returns and transformations that have not worked or taken too long.

If Citigroup trades at half the valuation of JPMorgan Chase , that would be a massive win for shareholders.

Now is the best time to buy before it’s too late.

Right now, we’re issuing “ Double Down ” alerts for three incredible companies, and there may not be another chance like this anytime soon.

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Informative language

Neutral language

Article tone

semi-formal

Language

English