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Marks & Spencer shares surge in otherwise sluggish London market

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Inc.(NIO)$?","images":[{"img":"https://static.tigerbbs.com/0c0ad70ec5fcdac240d9ab00a2ca980c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111268428","isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136769351,"gmtCreate":1622039953073,"gmtModify":1704178376830,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/136769351","repostId":"2138148094","repostType":4,"repost":{"id":"2138148094","weMediaInfo":{"introduction":"Dow 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0.76%. A steepening yield curve helps banks borrow more cheaply and then lend at higher rates of interest. A falling yield curve works in the opposite way.</p>\n<p>Investors have been carefully watching central banks for signs that they might start backing away from accommodative policies put in place to combat the pandemic. The Federal Reserve has been out in front with comments to reassure investors over inflation.</p>\n<p>Shares of HSBC (HSBA.LN) dropped over 1%, with other banks such as NatWest (NWG.LN) and Barclays down 2% each.</p>\n<p>On the FTSE 250 , shares of Marks &amp; Spencer surged 9%. The retailer swung to a pretax loss for fiscal 2021 on lower revenue, but said for the first six weeks of fiscal 2022, business was ahead of a two-year-earlier comparative. Marks &amp; Spencer also warned over continued uncertainty and rising costs due to the pandemic and Brexit, but analysts were looking at the positives.</p>\n<p>\"MKS is emerging from COVID with a stronger B/S [balance sheet] and 21/22has started well, as improving mobility has led to 2-year stack growth in both corecategories,\" said a team of analysts at Jefferies led by James Grzinic.</p>\n<p>Shares of Royal Mail continued to rise, a day after FTSE Russell said the multinational postal service and courier company would return to the FTSE 100 index after more than two years away, replacing engineer Renishaw, , which joined just in March. Royal Mail shares rose 1.5% and Renishaw shares rose 0.8%.</p>\n<p>Shares of British Land slid over 4%, after the real-estate company said pretax losses narrowed, but revenue fell in fiscal 2021 as the pandemic hit rental collections and portfolio valuations. 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A steepening yield curve helps banks borrow more cheaply and then lend at higher rates of interest. A falling yield curve works in the opposite way.</p>\n<p>Investors have been carefully watching central banks for signs that they might start backing away from accommodative policies put in place to combat the pandemic. The Federal Reserve has been out in front with comments to reassure investors over inflation.</p>\n<p>Shares of HSBC (HSBA.LN) dropped over 1%, with other banks such as NatWest (NWG.LN) and Barclays down 2% each.</p>\n<p>On the FTSE 250 , shares of Marks &amp; Spencer surged 9%. The retailer swung to a pretax loss for fiscal 2021 on lower revenue, but said for the first six weeks of fiscal 2022, business was ahead of a two-year-earlier comparative. Marks &amp; Spencer also warned over continued uncertainty and rising costs due to the pandemic and Brexit, but analysts were looking at the positives.</p>\n<p>\"MKS is emerging from COVID with a stronger B/S [balance sheet] and 21/22has started well, as improving mobility has led to 2-year stack growth in both corecategories,\" said a team of analysts at Jefferies led by James Grzinic.</p>\n<p>Shares of Royal Mail continued to rise, a day after FTSE Russell said the multinational postal service and courier company would return to the FTSE 100 index after more than two years away, replacing engineer Renishaw, , which joined just in March. Royal Mail shares rose 1.5% and Renishaw shares rose 0.8%.</p>\n<p>Shares of British Land slid over 4%, after the real-estate company said pretax losses narrowed, but revenue fell in fiscal 2021 as the pandemic hit rental collections and portfolio valuations. Russ Mould, investment director at AJ Bell, noted it's the third straight annual loss for British Land.</p>\n<p>\"The company has been selling assets to bolster its balance sheet and is reshaping its portfolio to bring it more up to date, managing to sell retail assets above their book value,\" said Mould.</p>\n<p>\"It will need to do more of this as its new strategy under recently appointed CEO Simon Carter sees it focus attention on London offices, mixed-use sites and retail parks where it believes it can add value by repositioning them as logistics, residential and office space,\" he said, in a note to clients.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NWG":"NatWest Group"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138148094","content_text":"London stocks were generally lower on Wednesday, with heavily weighted HSBC dragging the index lower, along with British Land, though Marks & Spencer was a bright spot after well-received results.\nThe FTSE 100 index dipped 0.1% to 7,019.67, while the yield on 10-year U.K. gilts fell 3 basis points to 0.76%. A steepening yield curve helps banks borrow more cheaply and then lend at higher rates of interest. A falling yield curve works in the opposite way.\nInvestors have been carefully watching central banks for signs that they might start backing away from accommodative policies put in place to combat the pandemic. The Federal Reserve has been out in front with comments to reassure investors over inflation.\nShares of HSBC (HSBA.LN) dropped over 1%, with other banks such as NatWest (NWG.LN) and Barclays down 2% each.\nOn the FTSE 250 , shares of Marks & Spencer surged 9%. The retailer swung to a pretax loss for fiscal 2021 on lower revenue, but said for the first six weeks of fiscal 2022, business was ahead of a two-year-earlier comparative. Marks & Spencer also warned over continued uncertainty and rising costs due to the pandemic and Brexit, but analysts were looking at the positives.\n\"MKS is emerging from COVID with a stronger B/S [balance sheet] and 21/22has started well, as improving mobility has led to 2-year stack growth in both corecategories,\" said a team of analysts at Jefferies led by James Grzinic.\nShares of Royal Mail continued to rise, a day after FTSE Russell said the multinational postal service and courier company would return to the FTSE 100 index after more than two years away, replacing engineer Renishaw, , which joined just in March. Royal Mail shares rose 1.5% and Renishaw shares rose 0.8%.\nShares of British Land slid over 4%, after the real-estate company said pretax losses narrowed, but revenue fell in fiscal 2021 as the pandemic hit rental collections and portfolio valuations. Russ Mould, investment director at AJ Bell, noted it's the third straight annual loss for British Land.\n\"The company has been selling assets to bolster its balance sheet and is reshaping its portfolio to bring it more up to date, managing to sell retail assets above their book value,\" said Mould.\n\"It will need to do more of this as its new strategy under recently appointed CEO Simon Carter sees it focus attention on London offices, mixed-use sites and retail parks where it believes it can add value by repositioning them as logistics, residential and office space,\" he said, in a note to clients.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138515566,"gmtCreate":1621949711255,"gmtModify":1704364973711,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"Observe","listText":"Observe","text":"Observe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138515566","repostId":"2138116154","repostType":4,"repost":{"id":"2138116154","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621947600,"share":"https://ttm.financial/m/news/2138116154?lang=&edition=fundamental","pubTime":"2021-05-25 21:00","market":"us","language":"en","title":"After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides","url":"https://stock-news.laohu8.com/highlight/detail?id=2138116154","media":"Reuters","summary":"May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&A) h","content":"<p>May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&amp;A) has never been stronger. Neither has their fear of missing out on meeting clients.</p><p>Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through <a href=\"https://laohu8.com/S/ZM\">Zoom</a> meetings having flourished, with M&amp;A volumes in the first quarter of 2021 hitting a year-to-date record.</p><p>The total value of pending and completed deals rose 93% to $1.3 trillion during the quarter, the second-biggest quarter on record, according to Refinitiv data.</p><p>More than a dozen investment bankers interviewed by Reuters said they were worried they would lose clients if competitors cultivated them in person. Some fretted they could not expand their clientele without schmoozing in the flesh. Some also said they or their staff were fatigued from working long hours remotely.</p><p>\"People became Zoomed out. I was out visiting clients and they were very appreciative to have us back in front of them,\" said Drew Goldman, global head of investment banking coverage at Deutsche Bank   .</p><p>\"The meetings, frankly, were more productive than they would have been on a phone call or on video conference call,\" he said, adding that most clients are also tired of Zoom and happy to meet in person.</p><p>The U.S. Centers for Disease Control and Prevention said earlier this month that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.   This has made corporate executives more willing to engage in social activities, such as a round of golf and fine dining, that bankers organize to build rapport.</p><p>Rendezvous points have ranged from offices and restaurants to country clubs and backyards.</p><p>During negotiations of the megamerger between AT&amp;T's WarnerMedia    and Discovery   , bankers gathered in Discovery Chief Executive David Zaslav's New York City brownstone to hash out details of a deal that would create a company with an enterprise value of over $120 billion.</p><p>The pandemic's toll was the heaviest on young bankers who learn their trade and develop contacts by working alongside and traveling with senior colleagues, dealmakers said.</p><p>The social distancing restrictions made it challenging for them to evolve from footsoldiers to rainmakers, said <a href=\"https://laohu8.com/S/AONE\">one</a> junior banker, using a term for those who bring in new clients and revenue.</p><p>\"For younger bankers who are trying to make their way in the world, they're gonna have to be out there, pressing the flesh and meeting people,\" said Marc Cooper, chief executive of investment bank PJ Solomon.</p><p>There is no certainty that travel by bankers will reach pre-pandemic levels. While bankers are eager to travel for business development, many are less keen to spend time with clients on more procedural talks that can be carried out remotely and expect a hybrid model will persist.</p><p>\"Citi bankers are visiting clients when and where appropriate and safe,\" said Tyler Dickson, global co-head of banking, capital markets and advisory at $Citigroup Inc(C-N)$   . \"We do so on an as needed basis with the our firm's approval and clients' permission, while practicing safety measures such as social distancing and other relevant practices.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-25 21:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&amp;A) has never been stronger. Neither has their fear of missing out on meeting clients.</p><p>Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through <a href=\"https://laohu8.com/S/ZM\">Zoom</a> meetings having flourished, with M&amp;A volumes in the first quarter of 2021 hitting a year-to-date record.</p><p>The total value of pending and completed deals rose 93% to $1.3 trillion during the quarter, the second-biggest quarter on record, according to Refinitiv data.</p><p>More than a dozen investment bankers interviewed by Reuters said they were worried they would lose clients if competitors cultivated them in person. Some fretted they could not expand their clientele without schmoozing in the flesh. Some also said they or their staff were fatigued from working long hours remotely.</p><p>\"People became Zoomed out. I was out visiting clients and they were very appreciative to have us back in front of them,\" said Drew Goldman, global head of investment banking coverage at Deutsche Bank   .</p><p>\"The meetings, frankly, were more productive than they would have been on a phone call or on video conference call,\" he said, adding that most clients are also tired of Zoom and happy to meet in person.</p><p>The U.S. Centers for Disease Control and Prevention said earlier this month that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.   This has made corporate executives more willing to engage in social activities, such as a round of golf and fine dining, that bankers organize to build rapport.</p><p>Rendezvous points have ranged from offices and restaurants to country clubs and backyards.</p><p>During negotiations of the megamerger between AT&amp;T's WarnerMedia    and Discovery   , bankers gathered in Discovery Chief Executive David Zaslav's New York City brownstone to hash out details of a deal that would create a company with an enterprise value of over $120 billion.</p><p>The pandemic's toll was the heaviest on young bankers who learn their trade and develop contacts by working alongside and traveling with senior colleagues, dealmakers said.</p><p>The social distancing restrictions made it challenging for them to evolve from footsoldiers to rainmakers, said <a href=\"https://laohu8.com/S/AONE\">one</a> junior banker, using a term for those who bring in new clients and revenue.</p><p>\"For younger bankers who are trying to make their way in the world, they're gonna have to be out there, pressing the flesh and meeting people,\" said Marc Cooper, chief executive of investment bank PJ Solomon.</p><p>There is no certainty that travel by bankers will reach pre-pandemic levels. While bankers are eager to travel for business development, many are less keen to spend time with clients on more procedural talks that can be carried out remotely and expect a hybrid model will persist.</p><p>\"Citi bankers are visiting clients when and where appropriate and safe,\" said Tyler Dickson, global co-head of banking, capital markets and advisory at $Citigroup Inc(C-N)$   . \"We do so on an as needed basis with the our firm's approval and clients' permission, while practicing safety measures such as social distancing and other relevant practices.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","C":"花旗","GS":"高盛","JPM":"摩根大通","WFC":"富国银行","BAC":"美国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138116154","content_text":"May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients.Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through Zoom meetings having flourished, with M&A volumes in the first quarter of 2021 hitting a year-to-date record.The total value of pending and completed deals rose 93% to $1.3 trillion during the quarter, the second-biggest quarter on record, according to Refinitiv data.More than a dozen investment bankers interviewed by Reuters said they were worried they would lose clients if competitors cultivated them in person. Some fretted they could not expand their clientele without schmoozing in the flesh. Some also said they or their staff were fatigued from working long hours remotely.\"People became Zoomed out. I was out visiting clients and they were very appreciative to have us back in front of them,\" said Drew Goldman, global head of investment banking coverage at Deutsche Bank   .\"The meetings, frankly, were more productive than they would have been on a phone call or on video conference call,\" he said, adding that most clients are also tired of Zoom and happy to meet in person.The U.S. Centers for Disease Control and Prevention said earlier this month that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.   This has made corporate executives more willing to engage in social activities, such as a round of golf and fine dining, that bankers organize to build rapport.Rendezvous points have ranged from offices and restaurants to country clubs and backyards.During negotiations of the megamerger between AT&T's WarnerMedia    and Discovery   , bankers gathered in Discovery Chief Executive David Zaslav's New York City brownstone to hash out details of a deal that would create a company with an enterprise value of over $120 billion.The pandemic's toll was the heaviest on young bankers who learn their trade and develop contacts by working alongside and traveling with senior colleagues, dealmakers said.The social distancing restrictions made it challenging for them to evolve from footsoldiers to rainmakers, said one junior banker, using a term for those who bring in new clients and revenue.\"For younger bankers who are trying to make their way in the world, they're gonna have to be out there, pressing the flesh and meeting people,\" said Marc Cooper, chief executive of investment bank PJ Solomon.There is no certainty that travel by bankers will reach pre-pandemic levels. While bankers are eager to travel for business development, many are less keen to spend time with clients on more procedural talks that can be carried out remotely and expect a hybrid model will persist.\"Citi bankers are visiting clients when and where appropriate and safe,\" said Tyler Dickson, global co-head of banking, capital markets and advisory at $Citigroup Inc(C-N)$   . \"We do so on an as needed basis with the our firm's approval and clients' permission, while practicing safety measures such as social distancing and other relevant practices.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138534891,"gmtCreate":1621949273713,"gmtModify":1704364960509,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"Observe","listText":"Observe","text":"Observe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138534891","repostId":"1161651475","repostType":4,"repost":{"id":"1161651475","pubTimestamp":1621948754,"share":"https://ttm.financial/m/news/1161651475?lang=&edition=fundamental","pubTime":"2021-05-25 21:19","market":"us","language":"en","title":"Cathie Wood Ditched Virgin Galactic Stock Right Before It Surged","url":"https://stock-news.laohu8.com/highlight/detail?id=1161651475","media":"Bloomberg","summary":"(Bloomberg) -- Cathie Wood has just missed out on a blistering rally in Virgin Galactic Holdings Inc","content":"<p>(Bloomberg) -- Cathie Wood has just missed out on a blistering rally in Virgin Galactic Holdings Inc., in a rare misstep for one of Wall Street’s biggest proponents of futuristic technologies.</p>\n<p>As Virgin Galactic’s dramatic rebound gathered pace in the last three days -- culminating in a 28% surge on Monday -- her firm Ark Investment Management slashed its remaining stake to just 45 shares, according to data compiled by Bloomberg.</p>\n<p>The money manager has been gradually selling from May, after Richard Branson’s space-travel company plunged on technical issues and rising competition from rivals funded by Jeff Bezos and Elon Musk.</p>\n<p>It held more than 1.7 million shares worth over $100 million when the company notched its all-time high in February. By the start of May, with Virgin Galactic down more than 60%, it had boosted holdings to more than 2 million shares valued at $45 million.</p>\n<p>Virgin Galactic remains more than 50% down from records, but in less than two weeks has rallied 73% thanks to a successful test flight that’s reviving confidence in its ambition to commercialize space tourism.</p>\n<p>The Ark Autonomous Technology &amp; Robotics exchange-traded fund (ticker ARKQ) held the bulk of the New York-based asset manager’s Virgin Galactic shares, but has now sold them all. The Ark Space Exploration &amp; Innovation ETF (ARKX), which was started in late March, held more than 220,000 shares worth almost $7 million shortly after its launch. It now holds the remaining few shares, worth about $1,200.</p>\n<p>An Ark representative didn’t immediately respond to a request for comment.</p>\n<p>Wood’s funds weren’t alone in missing the bounce. The VanEck Vectors Social Sentiment ETF (BUZZ) also sold its holdings in Virgin Galactic just before the rebound.</p>\n<p>The Dave Portnoy-backed fund, which picks stocks based on favorable sentiment detected in social media and blogs, sold its remaining shares in Branson’s company last week, the data show.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Ditched Virgin Galactic Stock Right Before It Surged</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Ditched Virgin Galactic Stock Right Before It Surged\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 21:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cathie-wood-ditched-virgin-galactic-125808565.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Cathie Wood has just missed out on a blistering rally in Virgin Galactic Holdings Inc., in a rare misstep for one of Wall Street’s biggest proponents of futuristic technologies.\nAs ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-ditched-virgin-galactic-125808565.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://finance.yahoo.com/news/cathie-wood-ditched-virgin-galactic-125808565.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161651475","content_text":"(Bloomberg) -- Cathie Wood has just missed out on a blistering rally in Virgin Galactic Holdings Inc., in a rare misstep for one of Wall Street’s biggest proponents of futuristic technologies.\nAs Virgin Galactic’s dramatic rebound gathered pace in the last three days -- culminating in a 28% surge on Monday -- her firm Ark Investment Management slashed its remaining stake to just 45 shares, according to data compiled by Bloomberg.\nThe money manager has been gradually selling from May, after Richard Branson’s space-travel company plunged on technical issues and rising competition from rivals funded by Jeff Bezos and Elon Musk.\nIt held more than 1.7 million shares worth over $100 million when the company notched its all-time high in February. By the start of May, with Virgin Galactic down more than 60%, it had boosted holdings to more than 2 million shares valued at $45 million.\nVirgin Galactic remains more than 50% down from records, but in less than two weeks has rallied 73% thanks to a successful test flight that’s reviving confidence in its ambition to commercialize space tourism.\nThe Ark Autonomous Technology & Robotics exchange-traded fund (ticker ARKQ) held the bulk of the New York-based asset manager’s Virgin Galactic shares, but has now sold them all. The Ark Space Exploration & Innovation ETF (ARKX), which was started in late March, held more than 220,000 shares worth almost $7 million shortly after its launch. It now holds the remaining few shares, worth about $1,200.\nAn Ark representative didn’t immediately respond to a request for comment.\nWood’s funds weren’t alone in missing the bounce. The VanEck Vectors Social Sentiment ETF (BUZZ) also sold its holdings in Virgin Galactic just before the rebound.\nThe Dave Portnoy-backed fund, which picks stocks based on favorable sentiment detected in social media and blogs, sold its remaining shares in Branson’s company last week, the data show.","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131663569,"gmtCreate":1621856181351,"gmtModify":1704363342321,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131663569","repostId":"1185308790","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133038085,"gmtCreate":1621666106447,"gmtModify":1704361276841,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"Rebound","listText":"Rebound","text":"Rebound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133038085","repostId":"1111747453","repostType":4,"repost":{"id":"1111747453","pubTimestamp":1621609858,"share":"https://ttm.financial/m/news/1111747453?lang=&edition=fundamental","pubTime":"2021-05-21 23:10","market":"us","language":"en","title":"Tesla’s New Plaid Model Is Ready. That Should Help the Stock.","url":"https://stock-news.laohu8.com/highlight/detail?id=1111747453","media":"Barrons","summary":"Tesla’s updated Model S sedan is ready.CEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.Tesla stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the Dow","content":"<p>Tesla’s updated Model S sedan is ready.</p>\n<p>CEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.</p>\n<p>Beginning deliveries should help the stock—-a little.</p>\n<p>Tesla(ticker: TSLA) stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the&nbsp;Dow Jones Industrial Average.The&nbsp;S&amp;P 500&nbsp;was up 0.5%.</p>\n<p><img src=\"https://static.tigerbbs.com/b73c480440da121bd6da538ca389d0ef\" tg-width=\"834\" tg-height=\"414\"></p>\n<p>The Plaid is billed by Tesla as the fastest production car ever, going zero to 60 in under 2 seconds. A&nbsp;Bugatti Chiron, which costs about $2.3 million and is equipped with a 16-cylinder, four-turbocharger engine, can go zero to 60 in about 2.3 seconds.</p>\n<p>Electric motors have better torque at zero revolutions a minute, giving drivers an incredible jolt from their initial acceleration.</p>\n<p>The&nbsp;Plaid edition&nbsp;of the Model S won’t cost anywhere near as much as a Chiron, but it will still run buyers $120,000 or more. Prices like that mean the car won’t sell in the high volumes seen from the Tesla Model 3 or Model Y. Those cars can be had for what a nicely equipped sedan from&nbsp;BMW&nbsp;(BMW.Germany) or evenToyota Motor&nbsp;(TM) or&nbsp;Honda&nbsp;(HMC) can cost.</p>\n<p>Still, the launch highlights Tesla’s ability to update its designs. The first Model S went into production almost a decade ago. Its performance shows Tesla is improving on its technologies for battery management and electric motors.</p>\n<p>All that is important for perceptions about Tesla, but there are bigger things on investors’ minds. Tesla is building new capacity in Austin, Texas, andBerlin. Investors want to see both plants on line by the end of the year, giving Tesla the output capacity needed to increase sales.</p>\n<p>Investors also want updates about the company’s autonomous driving programs. Musk has boasted the company is close to&nbsp;achieving fully autonomous cars&nbsp;with newer versions of its self-driving software. The new versions probably won’t mean drivers can actually leave the driver seat, but better driver-assistance functions are a competitive advantage for auto makers.</p>\n<p>The next version of the Tesla software is due to roll out in coming weeks.</p>\n<p>Capacity and autonomous driving have the potential to lift the stock in coming years. The Model S Plaid can help it in coming quarters.</p>\n<p>Tesla stock is in need of a lift. Shares are down about 35% from their 52-week high of more than $900, reached in January.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s New Plaid Model Is Ready. That Should Help the Stock.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s New Plaid Model Is Ready. That Should Help the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-model-s-new-plaid-model-ready-51621608150?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla’s updated Model S sedan is ready.\nCEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-model-s-new-plaid-model-ready-51621608150?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-model-s-new-plaid-model-ready-51621608150?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111747453","content_text":"Tesla’s updated Model S sedan is ready.\nCEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.\nBeginning deliveries should help the stock—-a little.\nTesla(ticker: TSLA) stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the Dow Jones Industrial Average.The S&P 500 was up 0.5%.\n\nThe Plaid is billed by Tesla as the fastest production car ever, going zero to 60 in under 2 seconds. A Bugatti Chiron, which costs about $2.3 million and is equipped with a 16-cylinder, four-turbocharger engine, can go zero to 60 in about 2.3 seconds.\nElectric motors have better torque at zero revolutions a minute, giving drivers an incredible jolt from their initial acceleration.\nThe Plaid edition of the Model S won’t cost anywhere near as much as a Chiron, but it will still run buyers $120,000 or more. Prices like that mean the car won’t sell in the high volumes seen from the Tesla Model 3 or Model Y. Those cars can be had for what a nicely equipped sedan from BMW (BMW.Germany) or evenToyota Motor (TM) or Honda (HMC) can cost.\nStill, the launch highlights Tesla’s ability to update its designs. The first Model S went into production almost a decade ago. Its performance shows Tesla is improving on its technologies for battery management and electric motors.\nAll that is important for perceptions about Tesla, but there are bigger things on investors’ minds. Tesla is building new capacity in Austin, Texas, andBerlin. Investors want to see both plants on line by the end of the year, giving Tesla the output capacity needed to increase sales.\nInvestors also want updates about the company’s autonomous driving programs. Musk has boasted the company is close to achieving fully autonomous cars with newer versions of its self-driving software. The new versions probably won’t mean drivers can actually leave the driver seat, but better driver-assistance functions are a competitive advantage for auto makers.\nThe next version of the Tesla software is due to roll out in coming weeks.\nCapacity and autonomous driving have the potential to lift the stock in coming years. The Model S Plaid can help it in coming quarters.\nTesla stock is in need of a lift. Shares are down about 35% from their 52-week high of more than $900, reached in January.","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133033953,"gmtCreate":1621665939572,"gmtModify":1704361274701,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/133033953","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","pubTimestamp":1621611396,"share":"https://ttm.financial/m/news/2137906121?lang=&edition=fundamental","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","WFC":"富国银行","BRK.B":"伯克希尔B","SYF":"Synchrony Financial","USB":"美国合众银行"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":136769351,"gmtCreate":1622039953073,"gmtModify":1704178376830,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/136769351","repostId":"2138148094","repostType":4,"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133033953,"gmtCreate":1621665939572,"gmtModify":1704361274701,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/133033953","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","pubTimestamp":1621611396,"share":"https://ttm.financial/m/news/2137906121?lang=&edition=fundamental","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","WFC":"富国银行","BRK.B":"伯克希尔B","SYF":"Synchrony Financial","USB":"美国合众银行"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138534891,"gmtCreate":1621949273713,"gmtModify":1704364960509,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"Observe","listText":"Observe","text":"Observe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138534891","repostId":"1161651475","repostType":4,"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133038085,"gmtCreate":1621666106447,"gmtModify":1704361276841,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"Rebound","listText":"Rebound","text":"Rebound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133038085","repostId":"1111747453","repostType":4,"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183211670,"gmtCreate":1623332589290,"gmtModify":1704201093079,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>..","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>..","text":"$Alibaba(BABA)$..","images":[{"img":"https://static.tigerbbs.com/87572ea681ec9d9125a1745edc183852","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183211670","isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":111268428,"gmtCreate":1622682856364,"gmtModify":1704188803877,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>?","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>?","text":"$NIO Inc.(NIO)$?","images":[{"img":"https://static.tigerbbs.com/0c0ad70ec5fcdac240d9ab00a2ca980c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111268428","isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138515566,"gmtCreate":1621949711255,"gmtModify":1704364973711,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"Observe","listText":"Observe","text":"Observe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138515566","repostId":"2138116154","repostType":4,"repost":{"id":"2138116154","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621947600,"share":"https://ttm.financial/m/news/2138116154?lang=&edition=fundamental","pubTime":"2021-05-25 21:00","market":"us","language":"en","title":"After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides","url":"https://stock-news.laohu8.com/highlight/detail?id=2138116154","media":"Reuters","summary":"May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&A) h","content":"<p>May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&amp;A) has never been stronger. Neither has their fear of missing out on meeting clients.</p><p>Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through <a href=\"https://laohu8.com/S/ZM\">Zoom</a> meetings having flourished, with M&amp;A volumes in the first quarter of 2021 hitting a year-to-date record.</p><p>The total value of pending and completed deals rose 93% to $1.3 trillion during the quarter, the second-biggest quarter on record, according to Refinitiv data.</p><p>More than a dozen investment bankers interviewed by Reuters said they were worried they would lose clients if competitors cultivated them in person. Some fretted they could not expand their clientele without schmoozing in the flesh. Some also said they or their staff were fatigued from working long hours remotely.</p><p>\"People became Zoomed out. I was out visiting clients and they were very appreciative to have us back in front of them,\" said Drew Goldman, global head of investment banking coverage at Deutsche Bank   .</p><p>\"The meetings, frankly, were more productive than they would have been on a phone call or on video conference call,\" he said, adding that most clients are also tired of Zoom and happy to meet in person.</p><p>The U.S. Centers for Disease Control and Prevention said earlier this month that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.   This has made corporate executives more willing to engage in social activities, such as a round of golf and fine dining, that bankers organize to build rapport.</p><p>Rendezvous points have ranged from offices and restaurants to country clubs and backyards.</p><p>During negotiations of the megamerger between AT&amp;T's WarnerMedia    and Discovery   , bankers gathered in Discovery Chief Executive David Zaslav's New York City brownstone to hash out details of a deal that would create a company with an enterprise value of over $120 billion.</p><p>The pandemic's toll was the heaviest on young bankers who learn their trade and develop contacts by working alongside and traveling with senior colleagues, dealmakers said.</p><p>The social distancing restrictions made it challenging for them to evolve from footsoldiers to rainmakers, said <a href=\"https://laohu8.com/S/AONE\">one</a> junior banker, using a term for those who bring in new clients and revenue.</p><p>\"For younger bankers who are trying to make their way in the world, they're gonna have to be out there, pressing the flesh and meeting people,\" said Marc Cooper, chief executive of investment bank PJ Solomon.</p><p>There is no certainty that travel by bankers will reach pre-pandemic levels. While bankers are eager to travel for business development, many are less keen to spend time with clients on more procedural talks that can be carried out remotely and expect a hybrid model will persist.</p><p>\"Citi bankers are visiting clients when and where appropriate and safe,\" said Tyler Dickson, global co-head of banking, capital markets and advisory at $Citigroup Inc(C-N)$   . \"We do so on an as needed basis with the our firm's approval and clients' permission, while practicing safety measures such as social distancing and other relevant practices.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-25 21:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&amp;A) has never been stronger. Neither has their fear of missing out on meeting clients.</p><p>Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through <a href=\"https://laohu8.com/S/ZM\">Zoom</a> meetings having flourished, with M&amp;A volumes in the first quarter of 2021 hitting a year-to-date record.</p><p>The total value of pending and completed deals rose 93% to $1.3 trillion during the quarter, the second-biggest quarter on record, according to Refinitiv data.</p><p>More than a dozen investment bankers interviewed by Reuters said they were worried they would lose clients if competitors cultivated them in person. Some fretted they could not expand their clientele without schmoozing in the flesh. Some also said they or their staff were fatigued from working long hours remotely.</p><p>\"People became Zoomed out. I was out visiting clients and they were very appreciative to have us back in front of them,\" said Drew Goldman, global head of investment banking coverage at Deutsche Bank   .</p><p>\"The meetings, frankly, were more productive than they would have been on a phone call or on video conference call,\" he said, adding that most clients are also tired of Zoom and happy to meet in person.</p><p>The U.S. Centers for Disease Control and Prevention said earlier this month that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.   This has made corporate executives more willing to engage in social activities, such as a round of golf and fine dining, that bankers organize to build rapport.</p><p>Rendezvous points have ranged from offices and restaurants to country clubs and backyards.</p><p>During negotiations of the megamerger between AT&amp;T's WarnerMedia    and Discovery   , bankers gathered in Discovery Chief Executive David Zaslav's New York City brownstone to hash out details of a deal that would create a company with an enterprise value of over $120 billion.</p><p>The pandemic's toll was the heaviest on young bankers who learn their trade and develop contacts by working alongside and traveling with senior colleagues, dealmakers said.</p><p>The social distancing restrictions made it challenging for them to evolve from footsoldiers to rainmakers, said <a href=\"https://laohu8.com/S/AONE\">one</a> junior banker, using a term for those who bring in new clients and revenue.</p><p>\"For younger bankers who are trying to make their way in the world, they're gonna have to be out there, pressing the flesh and meeting people,\" said Marc Cooper, chief executive of investment bank PJ Solomon.</p><p>There is no certainty that travel by bankers will reach pre-pandemic levels. While bankers are eager to travel for business development, many are less keen to spend time with clients on more procedural talks that can be carried out remotely and expect a hybrid model will persist.</p><p>\"Citi bankers are visiting clients when and where appropriate and safe,\" said Tyler Dickson, global co-head of banking, capital markets and advisory at $Citigroup Inc(C-N)$   . \"We do so on an as needed basis with the our firm's approval and clients' permission, while practicing safety measures such as social distancing and other relevant practices.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","C":"花旗","GS":"高盛","JPM":"摩根大通","WFC":"富国银行","BAC":"美国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138116154","content_text":"May 25 (Reuters) - Investment bankers' business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients.Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through Zoom meetings having flourished, with M&A volumes in the first quarter of 2021 hitting a year-to-date record.The total value of pending and completed deals rose 93% to $1.3 trillion during the quarter, the second-biggest quarter on record, according to Refinitiv data.More than a dozen investment bankers interviewed by Reuters said they were worried they would lose clients if competitors cultivated them in person. Some fretted they could not expand their clientele without schmoozing in the flesh. Some also said they or their staff were fatigued from working long hours remotely.\"People became Zoomed out. I was out visiting clients and they were very appreciative to have us back in front of them,\" said Drew Goldman, global head of investment banking coverage at Deutsche Bank   .\"The meetings, frankly, were more productive than they would have been on a phone call or on video conference call,\" he said, adding that most clients are also tired of Zoom and happy to meet in person.The U.S. Centers for Disease Control and Prevention said earlier this month that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.   This has made corporate executives more willing to engage in social activities, such as a round of golf and fine dining, that bankers organize to build rapport.Rendezvous points have ranged from offices and restaurants to country clubs and backyards.During negotiations of the megamerger between AT&T's WarnerMedia    and Discovery   , bankers gathered in Discovery Chief Executive David Zaslav's New York City brownstone to hash out details of a deal that would create a company with an enterprise value of over $120 billion.The pandemic's toll was the heaviest on young bankers who learn their trade and develop contacts by working alongside and traveling with senior colleagues, dealmakers said.The social distancing restrictions made it challenging for them to evolve from footsoldiers to rainmakers, said one junior banker, using a term for those who bring in new clients and revenue.\"For younger bankers who are trying to make their way in the world, they're gonna have to be out there, pressing the flesh and meeting people,\" said Marc Cooper, chief executive of investment bank PJ Solomon.There is no certainty that travel by bankers will reach pre-pandemic levels. While bankers are eager to travel for business development, many are less keen to spend time with clients on more procedural talks that can be carried out remotely and expect a hybrid model will persist.\"Citi bankers are visiting clients when and where appropriate and safe,\" said Tyler Dickson, global co-head of banking, capital markets and advisory at $Citigroup Inc(C-N)$   . \"We do so on an as needed basis with the our firm's approval and clients' permission, while practicing safety measures such as social distancing and other relevant practices.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131663569,"gmtCreate":1621856181351,"gmtModify":1704363342321,"author":{"id":"3582007109705647","authorId":"3582007109705647","name":"Loriflower","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582007109705647","authorIdStr":"3582007109705647"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131663569","repostId":"1185308790","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}