One of the Oracle of Omaha's favorite stocks to buy is Berkshire Hathaway's new leading provider of dividend income.

Warren Buffett's company Berkshire Hathaway has built one of the largest and most successful stock portfolios in the world. It's now worth more than $300 billion. It's a great endorsement to be in Berkshire's portfolio. But it can also attract some unwanted attention if Buffett and Berkshire start to sell a stock.

We recently compiled a list of the 12 best long-term stocks to buy according to Warren Buffett. In this article, we are going to take a look at where Bank of America Corporation (NYSE:BAC) stands against the other long-term stocks to buy according to Warren Buffett.

Warren Buffett's Berkshire Hathaway has again sold off shares of Bank of America, as the bank's chief executive called him 'a great shareholder.'

Buffett told Fortune he dreamt up the deal while in his bathtub, and following a call with Moynihan bought 700 shares for $7.14. Shares of BofA now trade at $39—an increase of m

Bank of America CEO Brian Moynihan on Tuesday praised Warren Buffett as an investor in the company, but said he has not asked the legendary investor about recent moves that have reduced his Bank of America stake.

Berkshire Hathaway sold Bank of America stock in nine straight trading sessions to close the month of August and into the start of September, resuming a sell-off that started in July when the bank's stock hit a two-year high.

As recession fears over the US economy intensify, Berkshire Hathaway’s selldown of its investment in Bank of America could be interpreted as waning confidence in the outlook for the US’s second-biggest bank — and by extension the wider banking sector.

Warren Buffett's Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales since mid-July nearly $7 billion.

Warren Buffett has been buying more shares of Occidental Petroleum this year. He first started buying the oil and gas company’s stock in 2019. Berkshire Hathaway received regulatory approval in August to purchase up to 50% of Occidental’s common stock.