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 to Make $70 Million in Bank Dividends This Year

Many people have reasons to celebrate after a large majority of the United States banks have passed the stress test from the Federal Reserve on Wednesday. This promptly announced plans to raise bank dividends, and the chief beneficiary among them is Warren Buffett. The CEO of Berkshire Hathaway, currently worth around $72.3 billion, will expect …

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Berkshire Earnings Prove Buffett Still Got It

Berkshire Hathaway, run by billionaire investor Warren Buffett, posted strong earnings for the third quarter at the end of the week. This should give the shares of Berkshire Hathaway their rightful place at beating the market for a trailing five years. The tough test that Warren Buffett requires of Berkshire Hathaway is that for any …

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Buffett Surprises Teen with Cancer

Recently, Warren Buffett made a call to CNBC in order to speak with Tre Grinner, a 17-year-old with Hodgkin’s lymphoma hoping to become an investment banker. Through help gained from the Make-A-Wish foundation, Grinner had the opportunity to work as an intern at Goldman Sachs. He was on CNBC doing a live interview about the …

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Buffett Faces Losing Dow Stake at $255 Million a Year

Warren Buffett may have no choice but to say goodbye to one of the high-yielding investments that he made during the financial crisis. Dow Chemical Co. shares recently rose past $53.72 at one point for the first time in over nine years. If the company closes above that price for 20 days of trading in …

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The Real Secrets to Being Warren Buffett

Want to invest like Warren Buffett? How often do you hear that line? Most people really do not have the billions of dollars that Warren Buffett has, which gives the billionaire investor a major advantage that allows him to find and acquire deals not available to average people, just like buying Burlington Northern Santa Fe …

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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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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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Berkshire Hathaway Adds to Bank of NY Mellon, US Bancorp Stake

Berkshire Hathaway, the investment company owned by Warren Buffett, recently increased its stake in Bank of New York Mellon and U.S. Bancorp during the second quarter. The multi-billion dollar conglomerate, in a disclosed regulatory filing, shared that they purchased around 840,000 shares of U.S. Bancorp stock. This raises their stake in the company based out …

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According to Buffett, Detroit is the Land of Huge Potential

Detroit, the once prosperous motor city currently down on its luck, has major potential to bounce back. Just like the auto industry bounced back a few years ago, Warren Buffett, legendary investor, feels the city has a real chance to prosper once again. Buffett attended the event as a way to help bring in $20 …

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