. Warren Buffett’s Berkshire Hathaway bought back a record $9 billion in stock in the third quarter « JO LEE MAGAZINE

CNBC – As the coronavirus pandemic weighs on its operating earnings and stock price, Berkshire Hathaway ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second quarter.

Warren Buffett’s conglomerate bought back $9 billion of its own stock, it was revealed Saturday in its third-quarter earnings report. That’s up big from the $5.1 billion level during the second quarter that turned heads when it was announced and brings Berkshire’s total buybacks to $15.7 billion for 2020.

Continue reading the article at CNBC.

World on the Run | Jo Lee Magazine




Comments are closed.

 

 


hey