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bar1080

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bar1080

Re: Prudent Capitalist post# 1617

Wednesday, 02/23/2022 9:22:20 PM

Wednesday, February 23, 2022 9:22:20 PM

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"Berkshire Stake in AmEx Is Poised to Hit_20%. That Could Trigger an Accounting Change and Boost Berkshire’s Earnings."

Berkshire Hathaway‘s longstanding stake in American Express is set to hit the 20% threshold in the coming months. That could prompt an accounting change that would boost Berkshire’s earnings.

Berkshire Hathaway (ticker: BRK.A and BRK.B) holds 151.6 million shares of American Express (AXP) worth $29 billion, its third-largest equity investment behind Apple (AAPL) and Bank of America (BAC).

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