Warren Buffett's portfolio heavily invested in Apple, Bank of America, and American Express

From The Nasdaq Stock Market: 2024-06-17 05:21:00

Warren Buffett, the CEO of Berkshire Hathaway, has overseen an impressive return of over 4,940,000% on his company’s class A shares since 1965. At 63% of Berkshire’s $388 billion portfolio, Apple is one of the three key stocks that Buffett has invested heavily in, citing consumer behavior and capital return program as top reasons.

Bank of America and American Express also make up significant portions of Berkshire’s investment portfolio, with BofA leading the pack in interest income growth due to rate hikes and digital banking adoption. American Express benefits from its cyclical business model and its dual role as a payment processor and lender, making it a steady income stock with historical success.



Read more at The Nasdaq Stock Market: 63% of Warren Buffett’s $388 Billion Portfolio Is Invested in These 3 Magnificent Stocks