(Reuters) star investor Warren Buffett The US has increased its bid for the financial sector. BuffettInvestment company Berkshire Hathaway (BRK.A 323700.05 -0.92%) The largest American bank is JP Morgan $ 4 billion. In addition, investments in the Bank (BAC 27.21 -1.98%) and Goldman Sachs (GS 202,49 -1.25%) Wednesday night's compulsory announcements. The traveler is also an insurer of PNC Financial (TRV 123,04 -2.97%) and Oracle SAP competitor (ORCL 48.84 -1.35%) Berkshire Hathaway bought shares.
Acquisition of shares Buffett and expressed confidence in investors. "Nervous investors are afraid of economic recovery, but buy Buffett Shares of a cyclic bank, "said Bill Smead, Smead Capital Management's assets manager. Shares of JPMorgan, PNC and Travelers have grown by at least 1% after the Berkshire announcement in the United States, and Oracle shares have grown by 2.4%.
Berkshire has invested $ 829 million in PNC, $ 460 million in shares and $ 2.13 billion for Oracle.