Warren Buffett's Recent Stock Moves: Bank Sales and Buys

Warren Buffett's Berkshire Hathaway sold $1.4 billion of its remaining holdings in Bank of New York Mellon and US Bancorp, while increasing its commitment to Bank of America and buying new stock in Capital One. Buffett has been cautious about holding many bank stocks, but has a long history with Bank of America and cited his liking for the management. Berkshire also added to its holdings in Capital One and Ally Financial, while selling some of its stake in Jefferies Financial Group and not touching its stake in Citigroup.