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Berkshire Hathaway sells nearly 500K shares of bank stock

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Warren Buffett’s Berkshire Hathaway this week sold nearly 500,000 U.S. Bancorp shares.

The May 11-12 transactions generated $16.3 million for Berkshire, according to Securities and Exchange Commission filings. Berkshire Hathaway's stake in U.S. Bancorp is now less than 10%.

Barron's reports U.S. Bancorp's stock has been hit substantially amid the coronavirus pandemic.

Read more from Barron's.

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