[ad_1]
Featured investor Warren Buffett and his investment company Berkshire Hathaway have made a major entrance into the largest US bank, JPMorgan. In the third quarter, the 88-year-old stock market guru investment holding company bought more than 35 million shares of the bank, generating about $ 4 billion in investment. This comes out of a statement at the US Securities and Exchange Commission on Wednesday.
In addition, Buffett relies heavily on US banks and financial services: its share in Bank of America has also increased significantly in the last quarter. Berkshire Hathaway joined Goldman Sachs, US Bancorp and Bank of New York Mellon and joined PNC Financial Services. ,
Buffett and Jamie Dimon, the boss of JPMorgan, have been friends for a long time and their companies are working with Amazon on a joint health insurance project. The American magazine "Forbes" currently estimates Buffett's fortune at about $ 88.8 billion.
Source link
