Berkshire Made How Much?? (BRKA, KO, WFC)

Loading...
Loading...
Reports from Barclay's Capital
estimate that Berkshire Hathaway
BRK
may have have made as much as $6.3 billion in the fourth quarter of 2010, led by gains in Coca-Cola
KO
and Wells Fargo
WFC
. Wells Fargo rose 23% in the fourth quarter, while Coca-Cola gained 12%. Berkshire's equity portfolio was valued at $57.6 billion as of the end of the third quarter, and had more than 33% of its assets in these two companies. Jay Gelb, a Barclays analyst, said Berkshire's book value "could rise about 6 percent, due to its significant exposure to equities." Gelb was also positive on results from Burlington Northern, and pretax earnings at Berkshire's division that includes toolmaker Iscar Metalworking Cos. and NetJets Inc. Warren continues to make fools out of all those who say that time has passed him by. Not so fast my friends. Warren continues to pull the right punches, and we're just left to stare and awe.
Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsRumorsTrading IdeasWarren Buffett
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...