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

Warren Buffett’s Berkshire Hathaway Inc. unloaded billions of bucks of bank stocks because the U.S. economic system reeled at some stage within the coronavirus lockdown.

Berkshire’s holdings of Wells Fargo & Co. and JPMorgan Jog & Co. stock dropped by more than $3 billion apiece within the second quarter, in accordance with regulatory filings made public Friday. The firm furthermore dissolved its stake in Goldman Sachs Personnel Inc., which was rate about $300 million at the discontinue of the major quarter.

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