• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

U.S. Bancorp (USB)

As the parent company of U.S. Bank, U.S. Bancorp is one of the largest banking institutions in the country.

As of Oct. 31, Berkshire owned 52,547,023 shares of U.S. Bancorp, or 3.5% of the bank’s total shares outstanding.

While that’s still a sizable stake in a large financial institution, it’s down 56% from the 119,805,135 shares of U.S. Bancorp that Berkshire held at the end of June.

U.S. Bancorp hasn’t been a hot commodity as the stock has tumbled 23% year to date.

But interest rates are on the rise, and that could serve as a tailwind for banks.

Banks lend money out at higher interest rates than they borrow, pocketing the difference. As interest rates increase, the spread earned by banks widens.

JPMorgan analyst Vivek Juneja sees upside in U.S. Bancorp. The analyst has an ‘overweight rating’ on the bank and recently raised the price target to $47 — around 7% above the current levels.

Trading Tips for All Levels: Avoid These 5 Expensive Mistakes

Don't let costly errors derail your trading success. Learn about the five most expensive mistakes in options trading and how to avoid them, whether you're just starting out or have years of experience. Enhance your trading strategy today and stay ahead of the game!

Learn More

Bank of New York Mellon (BK)

Bank of New York Mellon came into existence from the merger of The Bank of New York and Mellon Financial in 2007.

Today, it stands as the world’s largest custodian bank, which safeguards clients’ financial assets.

In Q3, Berkshire sold 10,146,575 shares of BNY Mellon, representing a 14% reduction. However, Buffett’s company still owned 62,210,878 shares of the custodian bank at the end of September, amounting to a 7.7% stake.

Just like U.S. Bancorp, BNY Mellon hasn’t been a market darling — shares are also down 23% in 2022.

But not everyone is turning bearish. Citigroup analyst Keith Horowitz has a ‘buy’ rating on BNY Mellon and raised the price target from $46 to $50 after seeing the company’s Q3 results.

Considering that BNY Mellon shares currently trade at around $44.90, the new price target implies a potential upside of 11%.

Kroger (KR)

Berkshire also trimmed its stake in grocery giant Kroger in Q3, selling 2,168,472 shares.

However, in an era where physical stores are under serious threat from online merchants, Kroger remains a brick-and-mortar beast.

Shares of the supermarket chain are up 8% in 2022, in stark contrast to the S&P 500 Index’s double-digit loss.

The economy moves in cycles, but people always need to shop for food. As a result, Kroger can make money through our economy’s ups and downs.

The company has expanded its online presence, too. Kroger’s digital sales in 2021 clocked in 113% higher compared to two years ago.

You can see Kroger’s resilience in its dividend history: the company has increased its payout to shareholders for 16 consecutive years.

Evercore ISI analyst Michael Montani recently upgraded Kroger from ‘in line’ to ‘outperform’ with a price target of $56 — implying a potential upside of 15% from where the stock sits today.


This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.