A new ETF hitting the market this week is aiming to make it easier for investors to gain exposure to large banks, and large banks only. Roundhill Investments’ Big Bank ETF (BIGB) will have equal weight positions in just six banks: Bank of America , Citigroup , Goldman Sachs , JPMorgan Chase , Morgan Stanley … Read more
Warren Buffett’s long history of aiding failing banks is one reason for investors to buy Berkshire Hathaway shares now, in the midst of the latest banking blowup, according to Morningstar. “Another banking crisis, another call to Buffett,” Morningstar analyst Greggory Warren said in a note Monday. The “Oracle of Omaha” has been in contact with … Read more
Red pedestrian crossing signs outside a Credit Suisse Group AG bank branch in Basel, Switzerland, on Tuesday, Oct. 25, 2022. Stefan Wermuth | Bloomberg | Getty Images Talks over rescuing Credit Suisse rolled into Sunday as UBS sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a … Read more
The Club’s 10 things to watch Friday, March 17 1. First Republic (FRC) still very much a bull vs. bear debate after 11 banks pledge to provide the troubled regional bank with $30 billion in uninsured deposits with an initial term of 120 days. JPMorgan keeps FRC as a top pick but lowers price target … Read more
Warren Buffett ‘s Berkshire Hathaway snapped up more shares of Occidental Petroleum , taking advantage of sliding oil prices amid the spreading banking crisis. The Omaha, Nebraska-based conglomerate bought 7.9 million shares in multiple trades on Monday, Tuesday and Wednesday, a new regulatory filing showed. The average price for the purchases was $59.17, totaling $466.7 … Read more
Morgan Stanley’s list of the biggest rising stars in the socially conscious investing space includes four U.S. stocks. The firm compiled its top picks among what it calls “rate of change” stocks within the environmental, social and governance realm, analyst Stephen Byrd said in a note to clients on Monday. A majority of the highlighted … Read more
Warren Buffett Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday evening. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, paying prices in the … Read more
Occidental (long known as Occidental Petroleum) was the No. 1-performing stock in S&P 500 last year, but it didn’t get there by way of massive growth in oil and gas production. While fossil fuels have the tailwind of the Russia-Ukraine war resetting energy policy and priorities around the globe, on Wall Street, it’s the recent … Read more
Warren Buffett has inspired generations of value investors, and one 53-year-old, market-beating mutual fund has his legacy all over it. The First Eagle Global Fund (SGENX ), with almost $47 billion in assets under management, reflects the teachings and principles of economist and professor Benjamin Graham , the father of value investing, and Buffett, Graham’s most … Read more
Billionaire Warren Buffett is famously frugal. In fact, the 92-year-old has lived in the same modest home for 65 years. The Berkshire Hathaway CEO still resides in the five-bedroom home in central Omaha, Nebraska, he purchased for $31,500 in 1958, which is about $329,505 in today’s dollars. “He’s authentic,” says CNBC’s Becky Quick, who has … Read more