Berkshire Hathaway Inc
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Financials : Diversified Financial Services | Large Cap Growth
Company profile

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. Its segments include Insurance, such as GEICO, Berkshire Hathaway Primary Group and Berkshire Hathaway Reinsurance Group; Burlington Northern Santa Fe, LLC, which is engaged in the operation of the railroad system; Berkshire Hathaway Energy, which includes regulated electric and gas utility; Manufacturing, which includes manufacturers of various products, including industrial, consumer and building products; McLane Company, which is engaged in the wholesale distribution of groceries and non-food items; Service and retailing, which includes providers of various services, including shared aircraft ownership programs, aviation pilot training, electronic components distribution and various retailing businesses, including automobile dealerships and furniture leasing.

Postmarket

Last Trade
Delayed
$278.02
-0.26 (-0.09%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$278.28
Day's Change
10.76 (4.02%)
Bid
--
Ask
--
B/A Size
--
Day's High
279.67
Day's Low
268.57
Volume
(Average)
Volume:
6,452,807

10-day average volume:
6,092,424
6,452,807

CFRA downgrades Wells Fargo to hold from buy

7:40 am ET May 18, 2022 (MarketWatch)
Print

CFRA Research analyst Ken Leon on Tuesday downgraded Wells Fargo & Co. (WFC) to hold from buy and cut the firm's price target on the stock to $49 from $53 a share. "We think the transformation of WFC is likely to take longer and limit the upside potential to share price performance," Leon said in a research note. Leon reiterated his 2023 earnings target of $4.70 a share, which is below the consensus view of $5.21 a share in a FactSet survey. "Our more cautious 2023 earnings forecasts assumes a slower U.S. economy, moderate loan volume growth, and higher net interest income for the bank," Leon said. In another setback for the stock, Warren Buffett's Berkshire Hathaway has sold its remaining shares of Wells Fargo and revealed a $3 billion stake in Citigroup (C), according to filings. Wells Fargo shares have fallen 8.9% in 2022, compared to a drop of 14.2% by the S&P 500 and a loss of 14.9% by the Financial Select Sector SPDR ETF (XLF).

-Steve Gelsi

	

(END) Dow Jones Newswires

May 18, 2022 07:40 ET (11:40 GMT)

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