In the midst of the coronavirus crisis, a strange thing happened: America’s largest bank made lower profits than it did a year ago, before the epidemic hit the economy. Taken together, the third quarter results of both banks show that business and consumers have been surprisingly good in the month, …
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The San Francisco skyline, orange mist is obscured Wednesday. AFP / Getty Images JPMorgan Chase & Co. entered the green-bond world on Wednesday, dropping the first set of bank bonds specifically to fund sustainability curve projects. While the banking company has arranged debt for its customers and other companies for …
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Billionaire George Soros showed interest in large banks and cloud computing companies in the second quarter, according to a submission to the Securities and Exchange Commission. In the quarter ended June 30, Soros Fund Management added a new 1.2 million stake in Bank of America Corp. BAC, + 0.45%, a …
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Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -0.58% BRK.B, -0.48% redeemed more than a quarter of its stake in Wells Fargo & Co. WFC, + 1.11% and about 61% of its position in JPMorgan Chase JPM, + 0.03%, while taking on a new position at Barrick Gold Corp. GOLD, -0.55%, according …
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Berkshire Hathaway now owns 981.6 million Bank of America shares worth around $ 24 billion. Houston Cofield / Bloomberg Text size Bank of America is Warren Buffett’s favorite bank. Berkshire Hathaway (ticker: BRK.B) collected 33.9 million shares last week, paying around $ 810 million, or an average price of around …
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