Warren Buffett's Berkshire Hathaway switched stakes in two banks, and the stocks head in opposite directions

Warren Buffett’s Berkshire Hathaway Inc. made a change in banking targets for investment, sending two banks’ shares in opposite directions Monday afternoon.

Capital One Financial COF shares rallied more than 5% in after-hours trading while Bank of New York Mellon Corp. BK sold off in the extended session Monday after filings with the Securities and Exchange Commission showed Berkshire BRK.B BRK.A switched its position. The quarterly filing showed a new stake of 9.9 million shares in Capital One as Berkshire sold off its 25.1 million-share stake in Bank of New York Mellon.

“Beginning with the Form 13F to be filed later today, the holdings of Gen Re will be included in Berkshire’s 13F filing,” Berkshire said in a news release earlier Monday. “The NEAM Form 13F filings will no longer include Gen Re’s holdings but they will continue to include NEAM client holdings where NEAM is acting as an investment manager.”

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Warren Buffett's Berkshire Hathaway adds Capital One and these other stocks to holdingsWarren Buffett's Berkshire Hathaway made a slew of changes to its massive equity portfolio last quarter.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

In the Market: Why US regional banks are doomed to a doom loopBanking regulators have been pushed by market volatility in recent weeks into doing things that they haven't really wanted to do, like letting the largest U.S. bank get even bigger. Their hand may be forced again.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »