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November 10, 2026

Berkshire Hathaway buys back $9.6B of its own stock

By JOSH FUNK
AP Business Writer

OMAHA, Neb. — Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but Geico's numbers got worse as it invested more in ads and its overall profit fell more than 28% as the value of its investments changed.

But the buybacks likely came to a halt recently as Berkshire's Class A stock price surged past $878,000 and topped where it was before Warren Buffett surprised investors with his plans to retire at the annual meeting in May 2025. He gave up the chairman title in September after relinquishing the CEO job to Greg Abel in January.


 
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