Berkshire Hathaway, a US investment firm headed by well-known investor Warren Buffett, is working to reassess his holdings. It was revealed on the 13th that the US major regional bank US Bancorp stock was partly released.
The total amount of the sale was 16.3 million dollars. Mr. Buffett likes US silver stocks and is spending a lot of money. Only after the sale of all US aviation stocks will the attention be paid to future trends.
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US Bancorp is the largest US regional bank headquartered in Minneapolis, Minnesota and operates stores under the "US Bank" brand name. Berkshire was the largest shareholder with about 10% of the outstanding shares, according to FactSet, a US research firm. Berkshire has recently moved to sell its US Bancorp shares over the 11-12 days, according to data submitted to the Securities and Exchange Commission (SEC). The reason for the sale is unknown.
The US silver stock is known as Buffett's "favorite". In addition to US Bancorp, it is the largest shareholder of Bank of America and Wells Fargo. He has also invested heavily in JPMorgan Chase and Goldman Sachs. He has long been “bully” in the growth of the US economy and favored US silver stocks who would benefit most. Due to the spread of the new coronavirus, Buffett is under pressure to revise the stocks. At the annual general meeting of shareholders in Berkshire, which was held on the 2nd, it announced that it has sold all the airline shares it holds, including US Delta. Corona said that the world has changed, and that passengers may not return completely after the infection is resolved. There was no noticeable statement about US silver stocks at the general meeting of shareholders, but it is likely that the stock price will be burdened if changes in investment decisions become apparent.