Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Warren Buffett Buying Now?

April 26, 2017warren buffett

0

Posted

What is Warren Buffett Buying Now?

1 Answer

0

Posted

Besides buying large chunks of Swiss Re (OTC: SWCEY.PK), a major reinsurer, Buffett has been buying unloved – but sound – financial stocks. He’s increased his position in the Midwestern banking powerhouse U.S. Bancorp (NYSE: USB). (Documents show Berkshire is now the company’s largest shareholder.) Many household financial stocks have imploded in 2008. Bear Stearns and IndyMac, for example, are gone. Lehman Brothers is down 80% this year. Yet USB has held steady. Buffett is also buying more Burlington Northern (NYSE: BNI), acquiring shares during the recent market weakness.