Warren Buffett's U.S. Bancorp Bet is Winning, But it Isn't Cheap - Video - TheStreet

Warren Buffett's U.S. Bancorp Bet is Winning, But it Isn't Cheap

Warren Buffett's Berkshire Hathaway portfolio is deeply invested in U.S. Bancorp, and has been since before the financial crisis hit.
Author:
Publish date:

Warren Buffett's Berkshire Hathaway portfolio is deeply invested in U.S. Bancorp, and has been since before the financial crisis hit. Over the years, the Oracle of Omaha has developed a position of about $3.25billion in the company, and he's watched as U.S. Bancorp posted gains of nearly nine percent so far this year. But analysts are shying away from the stock,which is expensive, compared to its competitors. With U.S. Bancorp representing one of the ten biggest holdings in Buffett's portfolio, watch how he manages his stake going forward, with earnings coming on January 21.