Berkshire Hathaway ramps up buybacks and equity bets as Q2 earnings climb
TL;DR Summary
Berkshire Hathaway posted a 16% jump in Q2 operating earnings to $12.98 billion, helped by energy, rail and manufacturing, while insurance weakened; CEO Greg Abel began deploying Buffett’s cash with about $20 billion in net equity purchases and $4.5 billion in buybacks, reducing the cash pile to $365.5 billion after closing the Taylor Morrison deal, with Alphabet rising into a top holding.
- Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard CNBC
- Berkshire says operating profit rises, conducts stock buybacks Reuters
- Berkshire Hathaway Buys Back $4.5 Billion of Its Own Shares Bloomberg.com
- Berkshire Hathaway Beats Earnings Views, Ups Buybacks, Cuts Cash Hoard Investor's Business Daily
- Berkshire Hathaway Is Set to Report Earnings Saturday. Here’s What You Need to Know investopedia.com
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