Bank of America Corp Sees Notable Reduction in Daily Journal Corp's Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 05 2024
0mins
Source: Yahoo Finance
Charlie Munger's Investment Moves:
- Charlie Munger's investment vehicle, Daily Journal Corp, disclosed its Q1 2024 13F filing.
- Munger reduced holdings in Bank of America Corp and Wells Fargo & Co significantly.
Banking Sector Adjustments:
- Daily Journal Corp decreased Bank of America Corp shares by 13.04% and Wells Fargo & Co shares by 11.23%.
- The reductions had a -5.46% and -4.75% impact on the portfolio, respectively.
Portfolio Overview:
- Daily Journal Corp's portfolio consists of 4 stocks with a focus on Financial Services and Consumer Cyclical sectors.
- Top holdings include Wells Fargo & Co (46.22%) and Bank of America Corp (42.8%).
Disclaimer:
- The article is from GuruFocus and offers general insights, not personalized financial advice.
- It is based on historical data and analyst projections, aiming to provide long-term, fundamental analysis.
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Analyst Views on USB
Wall Street analysts forecast USB stock price to rise
20 Analyst Rating
12 Buy
7 Hold
1 Sell
Moderate Buy
Current: 51.950
Low
50.00
Averages
58.87
High
75.00
Current: 51.950
Low
50.00
Averages
58.87
High
75.00
About USB
U.S. Bancorp is a financial services holding company. Its segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. It provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to its customers principally within its domestic markets, and fund administration services to a range of mutual and other funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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