BRK-A - Berkshire Hathaway Inc.

NYSE - NYSE Delayed price. Currency in USD
317,040.00
+3,770.00 (+1.20%)
At close: 4:05PM EDT
Stock chart is not supported by your current browser
Previous close313,270.00
Open315,275.00
Bid295,288.00 x 800
Ask322,000.00 x 3000
Day's range315,275.00 - 317,133.00
52-week range279,410.00 - 335,109.00
Volume254
Avg. volume246
Market cap518.053B
Beta (3Y monthly)0.92
PE ratio (TTM)18.00
EPS (TTM)17,611.19
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est356,700.00
Trade prices are not sourced from all markets
  • Susan Rice joins Influencers with Andy Serwer
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    Susan Rice joins Influencers with Andy Serwer

    Yahoo Finance Editor-in-Chief Andy Serwer sits down with former UN Ambassador and National Security Advisor to President Obama, Susan Rice.

  • Can a Buffett Bot Mimic Berkshire Hathaway’s Returns?
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    Can a Buffett Bot Mimic Berkshire Hathaway’s Returns?

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  • Berkshire Hathaway: Will Bank of America Be Like Apple?
    Market Realist

    Berkshire Hathaway: Will Bank of America Be Like Apple?

    Berkshire Hathaway approached the Fed to increase its stake in Bank of America. The company added more Bank of America shares in the second quarter.

  • Bloomberg

    Warren Buffett Seeks Fed Leeway to Boost Stake in Bank of America Past 10%

    (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. is seeking permission from the Federal Reserve to potentially increase its stake in Bank of America Corp. to more than 10%, a level that often triggers a regulatory review. The bank’s shares rallied.Berkshire, which disclosed in July that it had hit that threshold, filed an application with the Fed in recent weeks making a variety of assurances to show that it will passively invest in the bank, according to a copy of the application provided by the regulator.Berkshire “may decide to purchase additional shares of common stock of Bank of America based on its evaluation of the investment opportunity presented by such purchases,” the conglomerate wrote in the filing signed by Buffett, without specifying how many shares it might look to purchase.Buffett struck a deal eight years ago to invest $5 billion in Bank of America for preferred stock and warrants, helping shore up confidence in the lender as it faced losses tied to subprime mortgages. In 2017, the billionaire investor swapped the preferred shares for a $16 billion-plus common-stock holding. Bank of America now ranks as Berkshire’s second-largest equity bet, behind Apple Inc.Bank of America shares climbed as much as 3.8% after the news of the filing. They were up 2.7% at 1:37 p.m. in New York. The lender is set to report third-quarter results Wednesday.Buffett’s company said in the Fed filing that it doesn’t have any plans to sell Bank of America’s assets, merge it with any company or make any other significant change in its business strategy and corporate structure.“We have appreciated Berkshire’s ownership for the past seven-plus years,” Bank of America said in a statement. “Through our success, Berkshire and other long-term shareholders have benefited. We look forward to Berkshire’s support as we continue to drive responsible growth at Bank of America.”Berkshire said as of July 17 that the holding was 950 million shares, a stake that would be valued at more than $27 billion as of Monday’s close. While Berkshire had been building its stake in Bank of America in recent years, the bank’s stock repurchases also helped push the Omaha, Nebraska-based conglomerate’s stake above the 10% level, according to the July regulatory filing.U.S. regulators tend to review relationships between investors and banks in which a shareholder could be viewed as having control over a lender. According to proxy statements and quarterly regulatory filings, the only other investor in one of the six largest U.S. banks that tops the 10% threshold is Mitsubishi UFJ Financial Group Inc.’s 24% holding in Morgan Stanley, a remnant of the financial crisis.With about $200 billion of total equity investments to manage, it’s not the first time Buffett has bumped up against the ownership threshold. In 2016, he ran up against the 10% level with another bank, Wells Fargo & Co, as it repurchased shares. Berkshire applied to the Fed, but later said it would cut its Wells Fargo stake because the central bank said the larger stake would limit Berkshire’s ability to do business with the lender.With Berkshire’s American Express Co. stake, Buffett agreed in the 1990s to be a passive shareholder and later received approval to increase that investment to as much as 24.99%, a level he has yet to reach.The rules that determine whether an investor is deemed to have control over a bank may soon change. The Fed has submitted a proposal to clarify the factors and thresholds that determine control.(Adds BofA comment in seventh paragraph, updates share price in fifth.)\--With assistance from Lananh Nguyen, Daniel Taub and David Scheer.To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed
    Reuters

    Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

    Bloomberg first reported the application on Tuesday. Shares of BofA gained 3% after the report came out, dipping slightly to close at 2.02%. Berkshire, which has a 9.96% stake in BofA, filed an application with the Fed this month, assuring the regulator that it will passively invest in the bank and will not try to force a change in strategy or corporate structure.

  • Reuters

    Buffett's Berkshire seeks Fed leeway to boost BofA bet - Fed

    Bloomberg first reported the application on Tuesday. Shares of BofA gained 3% after the report came out, dipping slightly to close at 2.02%. Berkshire, which has a 9.96% stake in BofA, filed an application with the Fed this month, assuring the regulator that it will passively invest in the bank and will not try to force a change in strategy or corporate structure.

  • Berkshire and Buffett: Pressure Due to KHC, Performance
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    Berkshire and Buffett: Pressure Due to KHC, Performance

    Berkshire Hathaway’s returns have lagged the S&P; 500 by a wide margin this year. Buffett has been criticized for not deploying the massive cash pile.

  • Berkshire Hathaway: Apple Is a Shining Star in 2019
    Market Realist

    Berkshire Hathaway: Apple Is a Shining Star in 2019

    Berkshire Hathaway stock has underperformed the S&P; 500 this year. However, Apple is outperforming the markets. Buffett has been optimistic about Apple.

  • Should Warren Buffett Walk the Talk on Buybacks?
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    Should Warren Buffett Walk the Talk on Buybacks?

    In April, Berkshire Hathaway CEO Warren Buffett said that the company might repurchase $100 billion of its shares someday. What's happening now?

  • How Bank of America Became Buffett’s Berkshire Jewel
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    How Bank of America Became Buffett’s Berkshire Jewel

    In 2011, Warren Buffett invested $5 billion in Bank of America (BAC). BAC is now Berkshire Hathaway's second-largest holding and is worth about $27 billion.

  • Should Berkshire Hathaway (NYSE:BRK.A) Be Disappointed With Their 52% Profit?
    Simply Wall St.

    Should Berkshire Hathaway (NYSE:BRK.A) Be Disappointed With Their 52% Profit?

    Passive investing in index funds can generate returns that roughly match the overall market. But you can do a lot...

  • That Time Warren Buffett's Investment Was Blocked by Bank of America’s Call Center
    Bloomberg

    That Time Warren Buffett's Investment Was Blocked by Bank of America’s Call Center

    (Bloomberg) -- The bathtub epiphany that led Warren Buffett to pump $5 billion into Bank of America Corp. after the financial crisis has been retold many times. Now, a new detail is emerging in the Wall Street fable.In an interview with Bloomberg Television, Bank of America Chief Executive Officer Brian Moynihan recalled how Buffett initially tried to reach his company with a proposal eight years ago. The legendary investor called a public phone line and was rebuffed.“He got into the call centers and asked to speak to me and of course they don’t transfer everybody who calls the call centers to the CEO’s line,” Moynihan said in an interview for broadcast on “The David Rubenstein Show: Peer to Peer Conversations.” Yet the deal still came together within hours.Moynihan’s version expands on Buffett’s own descriptions of the wildly profitable bet he arranged for his Berkshire Hathaway Inc. Buffett has said he was bathing when he got the idea but that he’d never called Moynihan directly before.The day the investment was announced in August 2011, Buffett told CNBC he asked his assistant to contact Moynihan’s assistant to get the CEO’s private number. But according to Moynihan, it was Berkshire’s finance chief who ultimately made a connection by reaching out to one of the Wall Street firm’s investment bankers.“And he basically said, ‘Brian, I want to make an investment in your company.’ And I said to him, ‘We don’t need the capital,’” Moynihan recalled. “And he said ‘I know, that’s why I’m calling. You need stability, you need an imprimatur, and the capital will do you good.’”Buffett’s purchase of the bank’s preferred stock and warrants helped shore up confidence in the lender as it faced losses tied to subprime mortgages. As the share price quadrupled over the years, Buffett added to the stake to make it Berkshire’s second-largest holding, now worth more than $26 billion.To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, David Scheer, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Alcoa and Arconic Sue Berkshire-Owned Railroad
    Market Realist

    Alcoa and Arconic Sue Berkshire-Owned Railroad

    Alcoa, Arconic, and NOVA Chemicals have filed a lawsuit against several US railroad companies. One defendant is BNSF Railway, owned by Berkshire Hathaway.

  • Why Buffett’s Outperformance May Be a Thing of the Past
    Market Realist

    Why Buffett’s Outperformance May Be a Thing of the Past

    Berkshire Hathaway Chair Warren Buffett has outperformed the markets for five decades. However, Berkshire's returns have lagged the S&P; 500's this year.

  • Amazon: Is Mark Cuban Influenced by Berkshire?
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    Amazon: Is Mark Cuban Influenced by Berkshire?

    On September 30, Mark Cuban said to Fox Business that he had a stake worth around $1 billion in Amazon. He added, “It’s my biggest holding.”

  • Warren Buffett’s Opportunity Could Be Trump’s Nightmare
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    Warren Buffett’s Opportunity Could Be Trump’s Nightmare

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  • Warren Buffett Isn’t Always Right on Apple Stock
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    Warren Buffett has admired Apple in the past. As a value investor, Buffett was expected to add more shares when Apple stock fell in the fourth quarter.

  • Walmart’s All-Time High—Should You Listen to Buffett?
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    Walmart’s All-Time High—Should You Listen to Buffett?

    On September 25, Walmart stock closed at $118.47, just 1.4% below the all-time high it made in the previous trading session.

  • Should Buffett and Berkshire Warm Up to Tech Stocks?
    Market Realist

    Should Buffett and Berkshire Warm Up to Tech Stocks?

    Berkshire Hathaway Chair Warren Buffett invests within his circle of competence. For him, investing in a company entails understanding its business.

  • Kraft Heinz Might Be Buffett’s ‘Chronically Leaking Boat’
    Market Realist

    Kraft Heinz Might Be Buffett’s ‘Chronically Leaking Boat’

    Kraft Heinz stock has fallen sharply this year. Previously, Warren Buffett admitted that Berkshire Hathaway paid too much for the stock.

  • Can Warren Buffett’s Protégé Outperform Her Mentor?
    Market Realist

    Can Warren Buffett’s Protégé Outperform Her Mentor?

    Last week, Tracy Britt Cool, a Warren Buffett protégé, said she'd leave Berkshire Hathaway to start a new company. She joined Berkshire Hathaway in 2009.

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