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bar1080

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bar1080

Re: fung_derf post# 484

Friday, 02/15/2019 1:05:10 PM

Friday, February 15, 2019 1:05:10 PM

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"Berkshire Trims Apple, Sells Oracle and Buys Big Banks"

"Berkshire Hathaway Inc. (BRK.B), the conglomerate run by billionaire investor Warren Buffett, sold some of its giant stake in Apple Inc. (AAPL), called it quits on Oracle Corp. (ORCL) and used some of its freed-up capital to top up on bank stocks in the last three months of 2018. Berkshire also boosted its stake in regional lenders, including PNC Financial Services Group Inc. (PNC) and US Bancorp (USB). Share price across the industry have been lifted by speculation that the recent merger between SunTrust Banks Inc. (STI) and BB&T Corp. (BBT) could pave the way for more deals, reported Bloomberg."

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