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Warren Buffett’s Berkshire Hathaway Unloads Bank Stocks – The Wall Street Journal

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Warren Buffett’s Berkshire Hathaway Unloads Bank Stocks – The Wall Street Journal

Warren Buffett’s Berkshire Hathaway Inc. unloaded billions of dollars of bank stocks as the U.S. economy reeled during the coronavirus lockdown. Berkshire’s holdings of Wells Fargo & Co. and JPMorgan Chase & Co. stock dropped by more than $3 billion apiece in the second quarter, according to regulatory filings made public Friday. The company also…

Warren Buffett’s Berkshire Hathaway Unloads Bank Stocks – The Wall Street Journal

Warren Buffett’s Berkshire Hathaway Inc. unloaded billions of dollars of bank stocks as the U.S. economy reeled during the coronavirus lockdown.

Berkshire’s holdings of Wells Fargo & Co. and JPMorgan Chase & Co. stock dropped by more than $3 billion apiece in the second quarter, according to regulatory filings made public Friday. The company also dissolved its stake in Goldman Sachs Group Inc., which was worth about $300 million at the end of the first quarter.

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