Warren Buffett's company is set to bag almost $4 billion in interest income this year thanks to surging rates
The famed investor's company is poised to pocket almost $4 billion in interest and other non-dividend income from US Treasuries and similar bets this year. James Shanahan, a senior equity research analyst at Edward Jones, shared that estimate with Insider.
Berkshire earns interest and other income from its cash and cash equivalents, Treasuries, and other fixed-maturity securities. Short-term US Treasury bills accounted for about 55% to 60% of the company's total I&OII last year, Shanahan said. Berkshire also benefited from the completion of its Alleghany acquisition last year, as it gained ownership of the insurer's interest-generating assets.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Warren Buffett in talks with White House over US banking crisis: reportBuffett has a history of bolstering US banks with investments during periods of economic stress.
Leer más »
Buffett may invest in banks again to stop crisis, but make less moneyWarren Buffett might help rescue the banks again - but he'll probably make less money this time around
Leer más »
Warren Buffett could be asked to save the banks once moreBuffett reportedly spoke to Biden's team about investing in regional banks and gave general advice on how to come out of the current crisis.
Leer más »
Does Pic Show the Private Jets of Bank CEOs Seeking Deals With Warren Buffett?'How bad is the banking crisis?' a tweet read. 'This is the Omaha airport this morning.'
Leer más »
Oil Is On Sale And Buffett Is Buying—Should You?It’s a good bet to front run Joe Biden’s stated intentions to refill the Strategic Petroleum Reserve.
Leer más »
Oil Is On Sale And Buffett Is Buying—Should You?It’s a good bet to front run Joe Biden’s stated intentions to refill the Strategic Petroleum Reserve.
Leer más »