Warren Buffett’s investment firm Berkshire Hathaway is still realigning its portfolio amid the economic turmoil caused by the coronavirus pandemic.
The conglomerate’s choices are often used to gauge the state of the market.
Recent SEC filings show that Buffett’s Berkshire Hathaway has adjusted its stake in two of the leading financial firms [Fox Business].
Berkshire Hathaway has cut its share of Goldman Sachs by a stunning 84%, from 12 million shares to 1.9 million. It has also slashed its holdings in JPMorgan by 1.8 million but still holds a large position.
Berkshire Hathaway made headlines earlier this month for selling all of its U.S. airline shares and previously held shares in four of the largest U.S. airlines. In a statement made on May 3, Buffett said he was wrong to invest in the airline industry [BBC].
Many are interpreting Hathaway’s recent selloff of JPMorgan and Goldman Sachs shares as evidence that the financial conglomerate is expecting more market downside in the months ahead.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored