Berkshire's Cash Hoard Swells To $147B As Warren Buffett-Led Company's Q2 Operating Earnings Rise 6.6%, Stock Bets Boost Investment Income
Portfolio Pulse from Shanthi Rexaline
Berkshire Hathaway reported Q2 results showing a modest increase in operating income and a reversal to gain in investment income, thanks to the equity market rally. The firm's operating earnings were $10.04 billion, higher than last year's $9.42 billion. The increase in operating income was due to an increase in insurance underwriting income and insurance investment income. The firm's investment and derivative gains were $25.87 billion, reflecting investment gains from equity securities. The company's cash and cash equivalents increased to $147.377 billion. About 78% of Berkshire's aggregate fair value of equity investments were concentrated in Apple, Bank of America, American Express, Coca-Cola, and Chevron.
August 05, 2023 | 4:28 pm
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NEUTRAL IMPACT
Berkshire Hathaway's investment in Apple is part of its major equity investments.
While Berkshire Hathaway's investment in Apple is significant, the news does not provide any specific information about Apple that would impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Berkshire Hathaway's investment in American Express is part of its major equity investments.
While Berkshire Hathaway's investment in American Express is significant, the news does not provide any specific information about American Express that would impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Berkshire Hathaway's investment in Bank of America is part of its major equity investments.
While Berkshire Hathaway's investment in Bank of America is significant, the news does not provide any specific information about Bank of America that would impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Berkshire Hathaway's investment in Chevron is part of its major equity investments.
While Berkshire Hathaway's investment in Chevron is significant, the news does not provide any specific information about Chevron that would impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Berkshire Hathaway's investment in Coca-Cola is part of its major equity investments.
While Berkshire Hathaway's investment in Coca-Cola is significant, the news does not provide any specific information about Coca-Cola that would impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Berkshire Hathaway's Q2 results showed increased operating income and investment gains, which could boost investor confidence.
The increase in operating income and investment gains indicates a strong financial performance, which could lead to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100