Berkshire Hathaway bought more than $13bn of bank stocks in the third quarter

Berkshire Hathaway CEO Warren Buffett is famous for having a good eye for value. These days, he has been looking hard at big US banks.

Berkshire Hathaway bought more than $13bn of bank stocks in the third quarter, highlighted by a new, $4bn holding in JPMorgan and an almost $6bn purchase of Bank of America, the first major open-market buy by Berkshire.

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