Warren Buffett buys $4B stake in JPMorgan

FBN’s Charlie Gasparino on Warren Buffett’s investment in JPMorgan and the outlook for General Electric.

[christosp.tsonis]

I also purchased 1, 000 shares of JPM a few years ago. The best bank to hold forever.

[lindabyrne]

Smells a bit fishy to me, reminds me of 2008 when they tried to lend each other money before year end reports, J.P. Morgan might be in trouble.

[MegaShanes]

I just made $14K in 10mins thanks Warren.

[COVID...]

The bet is on SILVER, a pecious metal. JP is the largest holder of physical silver than any other organization.

[mathewjr]

The Oracle is there again.... This is the time to buy....

[cjjames]

The banking system is in trouble again how drastic the damage is yet unknown. Keep an eye on form 4 sec filing. It should slowly draw a picture

[Franksta]

He is a holder on the Iraqi dinar and that bank is going to be one of the main banks doing the exchange it’s all starting to connect #rv

[zest]

JPM is a $350 billion enterprise and buffett bought just a little over 1 percent stake in the company from a cash reserve of over $100 billion and people are talking about JPM collapsing etc etc.Truth is he knows more than us and he has seen more than us and all he has invested is less than one quarter profit of Berkshire and for his size he would be more than happy for the millions in dividends and medium single digit percentage share price appreciation.truth is he never in a hurry.

[marekkolenda]

Betting on higher interest rates not stocks way to invest.

[kalpesh]

Coming soon... Warren Buffet to buy stake in Amazon.. Just guessing

[bloodhun]

Buffet thinks there's value in JP Morgan at over $100/share?

I don't see the value out there. I have doubts this was a good trade.

[joeschlotthauer]

Why? He should just start his own investment firm/bank...

[marekkolenda]

What happen if Fed's lower interest rates next year if recession starts.

[markjmaxwell]

I heard Warren Buffet might be interested in investing in Rivian.
😊😊😊😊😊

[treymac]

Doesn't the Queen of England AKA bank of England own JPMorgan Chase?

[darrenprior]

Buffett now has $86bn invested in Banking. His JPM stake is only .75% of BRK's market cap. But his banking investments represent over 16% of BRK's market cap. Definitely not insignificant.

[joe]

$4B? i wonder how weak the banking system is again... this cannot be good for the working class

[nierdoto]

I don’t think Buffett cares what happens in the short run.

[JIeryxa]

Buffett overestimates JP Morgan as well as Apple

[bobwolf]

Think he's gambling on another bailout thanks to Jamie Dimon. Rinse and repeat on the back of the taxpayer. Now is the time to get into silver and gold. JP Morgan is the biggest holder of silver. These banksters don't want people owning physical silver or gold because it's out of their reach for tracking and taxation. Own physical silver and gold. All fiat throughout history has failed! Silver and gold have never gone to zero!