(Bloomberg) -- Warren Buffett’s Berkshire Hathaway is poised to show that persistently high interest rates have helped the conglomerate more than they...
-- Warren Buffett’s Berkshire Hathaway is poised to show that persistently high interest rates have helped the conglomerate more than they hindered it.Harvard, Yale Warned by Top Law Firms About Antisemitism
For the full year, Berkshire may reap interest and other investment income of $5.5 billion, dwarfing the $1.7 billion from 2022, according to Shanahan. That could help tip its cash pile into a new record — potentially topping the $149.2 billion high set in the third quarter of 2021 — and drive a more-than 30% bump in operating earnings to $9 billion, analysts predict.
Even with those transactions, the company is still awash in cash. It ended the second quarter with a little over $147 billion, and analysts predict it could surpass $150 billion in the third quarter — marking the highest level in data going back to 2014. “It is a little surprising that they couldn’t come to an out-of-court agreement and instead had to litigate it,” said Cathy Seifert, an analyst with CFRA Research. “That’s a little bit of a departure from the Berkshire historical model.
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