Does This Berkshire Hathaway Fintech Investment Make Sense?

Matthew Frankel, CFP, The Motley Fool

June 21, 2021 at 3:20 p.m.·28 min read

The world recently learned that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is investing $500 million in a Brazilian fintech start-up, following up on its successful investment in StoneCo (NASDAQ: STNE). Plus, Bank of America (NYSE: BAC) CEO Brian Moynihan says that consumer spending is 20% higher than it was before the pandemic, and Fool contributor Matt Frankel thinks that could have big implications for the financial sector. Matt and host Jason Moser also discuss the latest mall real estate investment trust (REIT) to file for bankruptcy protection, and each reveals one stock they're watching.

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