Tuesday , May 30 2023

Warren Buffett leases billions to JPMorgan "DiePresse.com


Investor Star, Warren Buffett, and his investment firm Berkshire Hathaway have made a significant investment in the largest US bank, JPMorgan Chase. In the third quarter, the investment of the 88-year-old stock market guru bought more than 35 million shares of the financial firm, bringing together a share of about $ 4 billion (about € 3.55 billion). This is clear from a message to the SEC Securities Commission of the US on Wednesday (local time).

In addition, Buffett is largely dependent on US banks and financial services: its share in Bank of America has also increased sharply in the last quarter, while Berkshire Hathaway adds to Goldman Sachs, US Bancorp and Bank of New York Mellon, Buffett's majority shareholder and JPMorgan CEO Jamie Dimon have been friends for a long time and their companies have a joint health insurance program with Amazon.

(APA / dpa)

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