Berkshire Likely Sold Additional Shares of Apple and Bank of America in Q4
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
0mins
Source: Barron's
Berkshire Hathaway's Filing: The company is set to release its fourth-quarter equity holdings, which will be closely examined by investors and analysts.
Warren Buffett's Leadership: This filing is particularly significant as it marks Warren Buffett's final quarter leading Berkshire Hathaway, raising interest in any strategic moves made by him and his team.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy JPM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 287.970
Low
260.00
Averages
341.38
High
400.00
Current: 287.970
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
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.
New Branch Reaffirms Commitment to Community Service
- Branch Reopening: Chase's new branch in Pacific Palisades spans over 5,500 square feet and is designed to provide a modern and convenient environment for local customers and small businesses, reaffirming the company's commitment to community recovery.
- Post-Wildfire Support: Following the 2025 Southern California wildfires, Chase provided over $2 million in emergency philanthropic support and offered fee relief and deferred loan payments to affected small businesses, aiding their recovery and cash flow stabilization.
- Long-Term Investment: Chase committed nearly $7 million to housing recovery and small business support, including $4 million for housing initiatives and $1.25 million in philanthropic capital, aimed at fostering long-term community rebuilding and economic recovery.
- Community Engagement: The new branch features convenient amenities such as on-site valet parking and free Wi-Fi, expected to attract more customers, while employees logged over 4,000 volunteer hours in 2025, further strengthening community ties.
See More
JPMorgan Chase Establishes Athlete Council to Support Financial Needs
- Athlete Council Formation: JPMorgan Chase announced the establishment of a nine-member Athlete Council on Wednesday to advise company leaders on the financial needs of athletes, responding to NCAA rule changes that allow student-athletes to be compensated.
- Strong Membership Lineup: The council is chaired by two-time NBA Hall of Famer Dwayne Johnson and includes seven-time Super Bowl champion Tom Brady, Women's World Cup champions Megan Rapinoe and Alex Morgan, highlighting JPMorgan's commitment to the athlete community.
- Financial Support Program: Kristin Lemkau, CEO of J.P. Morgan Wealth Management, stated that athletes' careers and earning potential are unique, and the bank aims to develop a comprehensive financial support program designed by athletes for athletes, assisting them from college through professional sports to retirement.
- Education and Resource Integration: In addition to the council, JPMorgan Chase has launched a dedicated educational content hub, financial education outreach at universities and major sports events, and an Athlete Center of Excellence run by financial professionals to better understand and address athletes' needs and experiences.
See More
Rising Gas Prices Boost Costco Sales
- Impact of Rising Oil Prices: With the Iran war ongoing, oil prices have surged to a four-year high, pushing the national average for regular unleaded gasoline to $3.91 per gallon, which, while below the all-time high of $5.02 in April 2022, has driven consumers to Costco for cheaper fuel, thereby increasing in-store traffic.
- Costco's Value Proposition: Costco typically offers gas prices at a 9-cent discount compared to local competitors and a 24-cent discount versus the state average, making this price advantage particularly significant as fuel costs rise, attracting more bargain-seeking consumers and enhancing its market competitiveness.
- Customer Traffic Analysis: According to Gordon Haskett's analysis, visits to Costco gas stations sharply increased in the week ending March 7, and continued to accelerate as prices rose, with data indicating that 50% of gas customers also enter Costco stores, further driving sales growth.
- Economic Impact and Outlook: While rising gas prices may exert financial pressure on consumers, leading them to cut back on non-essentials, Costco tends to perform better during economic downturns due to its stable pricing strategy, with analysts optimistic about its future stock price, setting a target of $1,100 per share, representing a 13% upside from current levels.
See More
Iran War Escalation Risks Market Stability
- Military Escalation: The Pentagon's deployment of thousands of Marines and three warships to the Middle East signals a potential prolongation of the conflict, which the market has yet to fully price in, likely leading to negative economic repercussions.
- Market Downgrade: JPMorgan has lowered its year-end target for the S&P 500 to 7,200, reflecting concerns that a 50% spike in oil prices could adversely affect consumer demand, thereby increasing recession risks.
- Technical Indicator Warning: The S&P 500 closed below its 200-day moving average for the first time since May 2025, and if it fails to hold the 6,620 support level, it could slide to between 6,000 and 6,200, indicating fragile market sentiment.
- Inflation and Growth Risks: Analysts warn that if the conflict persists, it could exert greater pressure on inflation and economic growth, heightening market uncertainties and necessitating investor vigilance.
See More
Market Continues Decline, Energy Sector Shows Strength
- Market Weakness: The S&P 500 is on track for its fourth consecutive week of losses, pulling back approximately 6% from its closing high on January 27 and down over 4% year-to-date, indicating a decline in market confidence and investor sentiment.
- Energy Sector Strength: Despite the overall market downturn, the energy sector gained about 4% this week, extending its year-to-date increase to 33%, highlighting the sector's resilience and growth potential amid inflationary pressures.
- Rising Bond Yields: The yield on the 10-Year Treasury surged roughly 10 basis points to 4.38%, marking its highest level since last July, as expectations for interest rate hikes before the year's end intensify, potentially exerting further pressure on the stock market.
- Optimistic Outlook for Honeywell: Although Honeywell's stock declined this week with the CEO indicating first-quarter revenue will be light, the company maintains a positive full-year guidance and plans to host an investor day for its aerospace division in June, which is expected to boost stock performance as the spin-off date approaches.
See More
Significant Stock Movements for Multiple Companies
- SolarEdge Stock Surge: SolarEdge Technologies saw a 14% increase in stock price after Jefferies upgraded its rating from underperform to hold, with analysts noting that the escalating Middle East conflict is likely to trigger a repeat of the European energy security dynamics that previously boosted its business during the Russia-Ukraine war.
- Insperity Shareholder Purchase: Insperity's shares rallied nearly 11% after Chairman and CEO Paul Sarvadi disclosed the purchase of 205,000 shares this week, reflecting confidence in the company's future and potentially attracting more investor interest.
- OneOK Rating Upgrade: OneOK's stock gained almost 4% as Jefferies upgraded its rating to buy and raised its price target to $98 per share, with analysts highlighting the Iranian conflict as a catalyst for reassessing crude oil structural dynamics, suggesting a more positive outlook.
- York Space Systems Revenue Beat: York Space Systems' shares surged 22% after reporting full-year revenue of $386.2 million, exceeding analyst expectations of $383.5 million, indicating strong performance in the aerospace and defense sector that may draw increased investor attention.
See More
New Branch Reaffirms Commitment to Community Service
- Branch Reopening: Chase's new branch in Pacific Palisades spans over 5,500 square feet and is designed to provide a modern and convenient environment for local customers and small businesses, reaffirming the company's commitment to community recovery.
- Post-Wildfire Support: Following the 2025 Southern California wildfires, Chase provided over $2 million in emergency philanthropic support and offered fee relief and deferred loan payments to affected small businesses, aiding their recovery and cash flow stabilization.
- Long-Term Investment: Chase committed nearly $7 million to housing recovery and small business support, including $4 million for housing initiatives and $1.25 million in philanthropic capital, aimed at fostering long-term community rebuilding and economic recovery.
- Community Engagement: The new branch features convenient amenities such as on-site valet parking and free Wi-Fi, expected to attract more customers, while employees logged over 4,000 volunteer hours in 2025, further strengthening community ties.
See More
JPMorgan Chase Establishes Athlete Council to Support Financial Needs
- Athlete Council Formation: JPMorgan Chase announced the establishment of a nine-member Athlete Council on Wednesday to advise company leaders on the financial needs of athletes, responding to NCAA rule changes that allow student-athletes to be compensated.
- Strong Membership Lineup: The council is chaired by two-time NBA Hall of Famer Dwayne Johnson and includes seven-time Super Bowl champion Tom Brady, Women's World Cup champions Megan Rapinoe and Alex Morgan, highlighting JPMorgan's commitment to the athlete community.
- Financial Support Program: Kristin Lemkau, CEO of J.P. Morgan Wealth Management, stated that athletes' careers and earning potential are unique, and the bank aims to develop a comprehensive financial support program designed by athletes for athletes, assisting them from college through professional sports to retirement.
- Education and Resource Integration: In addition to the council, JPMorgan Chase has launched a dedicated educational content hub, financial education outreach at universities and major sports events, and an Athlete Center of Excellence run by financial professionals to better understand and address athletes' needs and experiences.
See More
Rising Gas Prices Boost Costco Sales
- Impact of Rising Oil Prices: With the Iran war ongoing, oil prices have surged to a four-year high, pushing the national average for regular unleaded gasoline to $3.91 per gallon, which, while below the all-time high of $5.02 in April 2022, has driven consumers to Costco for cheaper fuel, thereby increasing in-store traffic.
- Costco's Value Proposition: Costco typically offers gas prices at a 9-cent discount compared to local competitors and a 24-cent discount versus the state average, making this price advantage particularly significant as fuel costs rise, attracting more bargain-seeking consumers and enhancing its market competitiveness.
- Customer Traffic Analysis: According to Gordon Haskett's analysis, visits to Costco gas stations sharply increased in the week ending March 7, and continued to accelerate as prices rose, with data indicating that 50% of gas customers also enter Costco stores, further driving sales growth.
- Economic Impact and Outlook: While rising gas prices may exert financial pressure on consumers, leading them to cut back on non-essentials, Costco tends to perform better during economic downturns due to its stable pricing strategy, with analysts optimistic about its future stock price, setting a target of $1,100 per share, representing a 13% upside from current levels.
See More
Iran War Escalation Risks Market Stability
- Military Escalation: The Pentagon's deployment of thousands of Marines and three warships to the Middle East signals a potential prolongation of the conflict, which the market has yet to fully price in, likely leading to negative economic repercussions.
- Market Downgrade: JPMorgan has lowered its year-end target for the S&P 500 to 7,200, reflecting concerns that a 50% spike in oil prices could adversely affect consumer demand, thereby increasing recession risks.
- Technical Indicator Warning: The S&P 500 closed below its 200-day moving average for the first time since May 2025, and if it fails to hold the 6,620 support level, it could slide to between 6,000 and 6,200, indicating fragile market sentiment.
- Inflation and Growth Risks: Analysts warn that if the conflict persists, it could exert greater pressure on inflation and economic growth, heightening market uncertainties and necessitating investor vigilance.
See More
Market Continues Decline, Energy Sector Shows Strength
- Market Weakness: The S&P 500 is on track for its fourth consecutive week of losses, pulling back approximately 6% from its closing high on January 27 and down over 4% year-to-date, indicating a decline in market confidence and investor sentiment.
- Energy Sector Strength: Despite the overall market downturn, the energy sector gained about 4% this week, extending its year-to-date increase to 33%, highlighting the sector's resilience and growth potential amid inflationary pressures.
- Rising Bond Yields: The yield on the 10-Year Treasury surged roughly 10 basis points to 4.38%, marking its highest level since last July, as expectations for interest rate hikes before the year's end intensify, potentially exerting further pressure on the stock market.
- Optimistic Outlook for Honeywell: Although Honeywell's stock declined this week with the CEO indicating first-quarter revenue will be light, the company maintains a positive full-year guidance and plans to host an investor day for its aerospace division in June, which is expected to boost stock performance as the spin-off date approaches.
See More
Significant Stock Movements for Multiple Companies
- SolarEdge Stock Surge: SolarEdge Technologies saw a 14% increase in stock price after Jefferies upgraded its rating from underperform to hold, with analysts noting that the escalating Middle East conflict is likely to trigger a repeat of the European energy security dynamics that previously boosted its business during the Russia-Ukraine war.
- Insperity Shareholder Purchase: Insperity's shares rallied nearly 11% after Chairman and CEO Paul Sarvadi disclosed the purchase of 205,000 shares this week, reflecting confidence in the company's future and potentially attracting more investor interest.
- OneOK Rating Upgrade: OneOK's stock gained almost 4% as Jefferies upgraded its rating to buy and raised its price target to $98 per share, with analysts highlighting the Iranian conflict as a catalyst for reassessing crude oil structural dynamics, suggesting a more positive outlook.
- York Space Systems Revenue Beat: York Space Systems' shares surged 22% after reporting full-year revenue of $386.2 million, exceeding analyst expectations of $383.5 million, indicating strong performance in the aerospace and defense sector that may draw increased investor attention.
See More
