Saturday , May 8 2021

Warren Buffett joins JPMorgan for $ 4 billion




The investor Star Warren Buffett and his investment company, Berkshire Hathaway, have made a big record to the largest US bank, JPMorgan. In the third quarter, a business-holding market guru investment market guru bought a 88-year-old more than 35 million shares of the bank, earning around $ 4 billion in investment. This comes out of a statement to the US Securities and Exchange Commission on Wednesday.

In addition, Buffett is very dependent on US banks and financial services: its share of Bank America has also grown strong over the last quarter, with Berkshire Hathaway adding Goldman Sachs, US Bancorp and Bank of New York Mellon, and join PNC Financial Services,

Jamie Dimon, manager of Buffett and JPMorgan, have been friends for a long time, and their companies are working with Amazon on a joint health insurance project. The US business magazine "Forbes" is currently estimating Buffett's fortune at around $ 88.8 billion.

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