JPMorgan is gaining ground after Warren Buffett's Berkshire Hathaway disclosed a $4 billion stake (JPM)

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November 15, 2018 3:52 PM

Warren Buffett's Berkshire Hathaway bought 35.7 million shares of JPMorgan in the third quarter, worth $4.02 billion.

Warren Buffett's Berkshire Hathaway bought a $4 billion stake in
The billionaire has a long-term relationship with JPMorgan CEO Jamie Dimon, and said they "trust each other."
Buffett had said he regretted not investing in JPMorgan earlier.

the most famous value investor around, is loading up on big banks.

JPMorgan gained as much as 1% in premarket trading following the news, and was little changed for this year.

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