Buffett Stays with American Express

Recently, American Express has been going through a tough time. Due to rising competition from large banking conglomerates including J.P. Morgan and a tough US dollar, the company missed analyst expectations for revenue by $260 million during the first quarter. American Express even lost one of their large sources of credit card sign ups due …

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Buffett is High on Moynihan

Warren Buffett is very supportive of Brian Moynihan and Bank of America and the turnaround that he has put in the works over the last five years, which was reported by Forbes magazine, even though the CEO has added the title of chairman to his status and this was objected by the California State Teachers …

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Why Buffett Prefers Financial Stocks

At this time, self-made billionaire investor Warren Buffett is currently the fourth richest person in the world. He also has a very large following and is known for turning Berkshire Hathaway, a once struggling textile manufacturer, into a $300 billion mega corporation. He did it by investing in sound companies including Geico, American Express and …

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4 Lessons to Learn from Berkshire Hathaway’s Biggest Quarter

Last week, Berkshire Hathaway just reported that they made their biggest quarterly earnings after the closing bell. Buffett and Berkshire reported an increase in profits by 41% to $6.4 billion. We thoroughly looked over the Berkshire Hathaway 10-Q over the weekend and took copious notes. Here are the biggest takeaways to pay attention to: The …

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A Buffett Bank Stock to Consider?

Even though the majority of Warren Buffett’s $63 billion is tied up in Berkshire Hathaway stock, he does own shares of other companies that the media doesn’t typically know about. There’s no question that Warren Buffett is a phenomenal investor. The book value of Berkshire Hathaway has grown nearly 20% annually for the last 50 …

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The 10 Most Valuable Warren Buffett Stocks

The stock market had a difficult time gaining moment at the beginning of 2014, but Warren Buffett and his philosophy stayed true. He continued to invest in all of his favorite companies. Because of a new regulatory filing, we now have the opportunity to look at the way Warren Buffett used his capital during the …

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Why Buffett Still Holds Bank of America

Here’s a quick Bank of America summary… The mistake made by the company involving $4 billion of Merrill Lynch structured notes creates a major concern about the immediate term capital return plans for Bank of America. Even though it’s hard to tell, the core business of Bank of America earns about $1 billion per month …

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Firms Boost Dividends and Buffett Makes $123 Million

Warren Buffett’s belief in US banks is going to generate another $123 million more each year after companies including American Express and Wells Fargo passed the stress test from the Federal Reserve and were cleared to raise dividends. Berkshire Hathaway, where Warren Buffett is the chief executive officer and CEO, has a much larger asset …

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Buffett & BOA Come to Agreement about Preferred Stake

During 2011, Bank of America turned to billionaire investor Warren Buffett when they needed a capital injection. The lender has recently come to an agreement with Berkshire Hathaway about the terms of this investment so that regulators treated more favorably. The amendment to this agreement allows Bank of America to count preferred shares with a …

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4 Reasons Why Wells Fargo is a Buffett Favorite

Historically speaking, Buffett and Munger’s holding company Berkshire Hathaway have consistently beaten the market, a very rare feat indeed. Since 1985, Berkshire Hathaway’s per-share book value has increased faster than the S&P 500 during every five years. The company boasts a compounded annual gain of 19.7% per year, compared to the market’s 9.4%, including dividends. …

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