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Berkshire invests in JPMorgan, Oracle as Warren Buffett puts cash to work

The Nebraska-based conglomerate spent $17.7 billion on equities in the quarter ended September


Warren Buffett’s Berkshire Hathaway Inc deepened its commitment to the US financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp. The investments were disclosed in a Wednesday regulatory filing detailing Berkshire’s U.S.-listed stocks as of Sept. 30, following a quarter when the Omaha, Nebraska-based conglomerate spent $17.7 billion on equities. According to the filing, Berkshire owned $829 million of PNC stock, $460 million of the ...

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First Published: Thu, November 15 2018. 10:58 IST