As big banks report their second-quarter earnings, those reports could hold a clue as to whether or not a recession is on the horizon, contends an article in The Wall…
Tag: banks
Buffett Soured on Banks at Potentially the Wrong Time
Last year, Berkshire Hathaway soured on bank stocks, a decision that cost the company about $10 billion, “given the strong rally in the sector in recent months.” This according to…
Berkshire Hathaway Cuts U.S. Bank Holdings
Warren Buffett’s Berkshire Hathaway “significantly cut its stakes in some of the largest U.S. banks in the second quarter, selling billions of dollars’ worth of stock in Wells Fargo, JPMorgan…
Buffett Likes U.S. Banks
Warren Buffett’s Berkshire Hathaway has increased its holding of financial services stocks to roughly $100 billion, about one-fifth of its total market capitalization. This according to an article inThe Wall…
Be Careful With Regional Bank Stocks
It continues to seem likely that the Federal Reserve will start raising interest rates later this year, which has some investors thinking bank stocks are a good bet. But be…