Bank of America Tumbles in Worst One-Day Drop; Berkshire Holds 10% Stake
US bank and brokerage stocks plunged for the first time in months, with Bank of America among the hardest hit this session. Berkshire Hathaway’s upcoming Q4 report lists Bank of America as a 10% portfolio holding that returned 25.1% in 2025, ahead of new CEO Greg Abel’s inaugural shareholder letter.
1. Banking Stocks Suffer Sharp Decline
US banking and brokerage equities recorded their steepest one-day drop in months, with investors offloading major financial names amid heightened market volatility. Bank of America underperformed many of its peers during the sell-off, contributing to the sector-wide losses.
2. Berkshire’s BAC Stake in Focus
Berkshire Hathaway’s Q4 preview reveals Bank of America comprises 10% of its equity portfolio, having delivered a 25.1% gain in 2025. Shareholders will scrutinize Greg Abel’s first annual letter for insights into the outlook for these financial sector positions.