business / news / / NDTV Profit
Berkshire Hathaway Inc.'s cash pile jumped to its highest level ever, reaching $397 billion.
Berkshire Hathaway's cash pile hit a record $397 billion under new CEO Greg Abel.
KEY POINTS
- Abel resumed stock buybacks, purchasing $234.2 million of Berkshire shares after a year-long pause.
- Berkshire offloaded a net $8.1 billion of equity holdings in the first quarter of 2024.
- Operating earnings rose 18% year-over-year to $11.35 billion for the first quarter.
- Abel sold equity holdings previously managed by former Berkshire stock picker Todd Combs.
COMPANIES
Summarized by Newsio from NDTV Profit. How we summarize →