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Why Doesn't Warren Buffett's Empire Own This Stock?

By David Hanson and Matt Koppenheffer - Jan 3, 2014 at 6:29AM

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Why doesn't Berkshire Hathaway own shares of JPMorgan Chase?

In this special edition of The Motley Fool's everything-financial show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer dip into their mailbag to answer a listener-sent question about Berkshire Hathaway and JPMorgan Chase.

The guys answer the following question: "Warren Buffett said he liked and owned JPMorgan in his personal account. However, Berkshire owns Wells Fargo, US Bancorp and M&T Bank instead. He said he would leave the best ideas to Berkshire, so it seems he likes the other three better. I think it is because they are more "boring"/predictable than JPMorgan."

David Hanson owns shares of Goldman Sachs and JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America, Berkshire Hathaway, Goldman Sachs, and JPMorgan Chase. The Motley Fool recommends Bank of America, Berkshire Hathaway, Goldman Sachs, and Wells Fargo. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
JPM
$115.76 (3.03%) $3.40
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
BRK.A
$439,528.92 (-0.59%) $-2,620.08
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
BRK.B
$292.07 (-0.29%) $0.84
Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$43.76 (2.31%) $0.99
The Goldman Sachs Group, Inc. Stock Quote
The Goldman Sachs Group, Inc.
GS
$334.67 (0.84%) $2.80
M&T Bank Corporation Stock Quote
M&T Bank Corporation
MTB
$178.77 (1.90%) $3.33
Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$33.96 (1.68%) $0.56
U.S. Bancorp Stock Quote
U.S. Bancorp
USB
$47.39 (0.68%) $0.32

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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