JP Morgan has become the 9th largest stock holding for the American multinational conglomerate holding company Berkshire Hathaway, with more than 50.1 million shares. Berkshire also holds positions in Bank of America (BAC), Goldman Sachs (GS), Bank of New York Mellon (BK-PC), and PNC Financial (PNC).
As reported in an interview with Yahoo finance Warren Buffett, chairman and CEO of Berkshire Hathaway stated, “They’re a business I understand, and I like the price at which they’re selling relative to their future prospects. I think, ten years from now, that they’ll be worth more money. And I feel there’s a very high probability I’m right.”
No real shocker here as Buffett continues to consistent with his approach and preach his associated financial gospel that states one should invest in what one understands.
Note that JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.
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