Warren Buffett: I'm Personally Betting on JP Morgan and Jamie Dimon
Warren Buffett: analysts have long wondered why there’s a complete absence of JP Morgan (NYSE:JPM) shares in Berkshire Hathaway’s (NYSE:BRKA) portfolio.
Berkshire is a big investor in banks with investments in Wells Fargo (NYSE:WFC) steadily growing, and a large preferred holding in Bank of America (NYSE:BAC).
JP Morgan’s CEO Jamie Dimon is one of the most highly reputed bank executives and its clients rank among the industry’s best.
Berkshire holds no shares in J P Morgan, Warren Buffett himself has a holding in his personal account making it awkward to own in BRK.
Buffett revealed his bet during an interview with CNBC. He added the annual letter issued by Dimon to be very well thought out and well worth reading.
Bank stocks:
JPMorgan Chase & Co. (NYSE:JPM): JPM shares have traded in a 52-week range of $27.85 to $47.80. The company’s trailing P/E is 8.53, while trailing earnings are $4.48 per share.
Wells Fargo & Company (NYSE:WFC): WFC have traded in a 52-week range of $22.58 to $32.97.
The company’s trailing P/E is 10.77, while trailing earnings are $2.82 per share.
Bank of America Corporation (NYSE:BAC): BAC shares recently traded at $7.78, down $0.1, or 1.27%. They have traded in a 52-week range of $4.92 to $14.70. The company’s trailing P/E is 778.90, while trailing earnings are $0.01 per share.
Berkshire Hathaway Inc. (NYSE:BRKA): BRKA shares recently traded at $120,210.00,. They have traded in a 52-week range of $98,952.00 to $131,463.00. The company’s trailing P/E is 17.06, while trailing earnings are $7,023.27 per share.
http://wallstcheatsheet.com/trading/warren-buffett-im-personally-betting-on-jp-morgan-and-jamie-dimon.html/
Berkshire is a big investor in banks with investments in Wells Fargo (NYSE:WFC) steadily growing, and a large preferred holding in Bank of America (NYSE:BAC).
JP Morgan’s CEO Jamie Dimon is one of the most highly reputed bank executives and its clients rank among the industry’s best.
Berkshire holds no shares in J P Morgan, Warren Buffett himself has a holding in his personal account making it awkward to own in BRK.
Buffett revealed his bet during an interview with CNBC. He added the annual letter issued by Dimon to be very well thought out and well worth reading.
Bank stocks:
JPMorgan Chase & Co. (NYSE:JPM): JPM shares have traded in a 52-week range of $27.85 to $47.80. The company’s trailing P/E is 8.53, while trailing earnings are $4.48 per share.
Wells Fargo & Company (NYSE:WFC): WFC have traded in a 52-week range of $22.58 to $32.97.
The company’s trailing P/E is 10.77, while trailing earnings are $2.82 per share.
Bank of America Corporation (NYSE:BAC): BAC shares recently traded at $7.78, down $0.1, or 1.27%. They have traded in a 52-week range of $4.92 to $14.70. The company’s trailing P/E is 778.90, while trailing earnings are $0.01 per share.
Berkshire Hathaway Inc. (NYSE:BRKA): BRKA shares recently traded at $120,210.00,. They have traded in a 52-week range of $98,952.00 to $131,463.00. The company’s trailing P/E is 17.06, while trailing earnings are $7,023.27 per share.
http://wallstcheatsheet.com/trading/warren-buffett-im-personally-betting-on-jp-morgan-and-jamie-dimon.html/
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