Berkshire Q2 Buybacks Surge to $5B-$11B, Alphabet Stake Revealed
BRKA is trading near its 52-week low of $691,120.27 (13% above the low).
Summary
Berkshire Hathaway's Q2 earnings, expected Saturday, will show a dramatic jump in buybacks to $5B-$11B from just $235M in Q1, signaling strong capital return. UBS analyst Brian Meredith projects a 3% earnings gain to ~$8,000 per Class A share, driven by buybacks, higher BNSF profits, and lower insurance catastrophe losses. The report also reveals a $10B Alphabet stake bought in June below $350/share, now trading near $360. Cash levels may dip from Q1's record $374B due to the Alphabet purchase. The 13-F filing on Aug. 14 will detail other portfolio moves.
At the time of this announcement, BRKA was trading at $777,696.03 on NYSE in the Finance sector, with a market capitalization of approximately $1T. The 52-week trading range was $691,120.27 to $780,020.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.