Berkshire Hathaway has made a $4 billion investment in JPMorgan Chase last quarter, as revealed by regulatory filings posted Wednesday.
Berkshire’s CEO Warren Buffett had expressed his keen interest in JPMorgan earlier this year in an interview with Yahoo Finance, when he indicated that he felt he should’ve invested sooner. "I should've [invested]," Buffett said. "Very obviously. I mean, it's been a terrifically run operation. And it was very cheap, just like a number of others were."
As per latest reports, Berkshire also grew its investment in several banks such as Bank of America, BNY Mellon, US Bancorp and Goldman Sachs.