Wed, Oct 18, 2023 9:56 AM
Bank of America's unrealized losses on securities rose to $131.6 billion
A Flip by Shubhangi Gupta
It is no secret that, on an aggregate basis, broader space is trading at an extremely expensive multiple (over 33 times on a trailing basis for BSE Small-cap index). In an expensive market, hidden opportunities exist despite high valuations. AMCs offer potential post sector rerating. Discounted prospects like UTI and ABSL present favorable entry points for investors eyeing long-term growth.
Open Flip
Drug makers Cipla and Glenmark are recalling products from the American market due to manufacturing issues, according to the US health regulator. As per the latest Enforcement Report issued by the US Food and Drug Administration (USFDA), a New Jersey-based subsidiary of Cipla is recalling 59,244 packs of Ipratropium Bromide and Albuterol Sulfate Inhalation Solution.
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Warren Buffett said Berkshire Hathway earned $100 million every day including weekends (in 2023). He said this while discussing the company’s quarterly earnings at the Annual Shareholder Meeting on May 4. Berkshire Hathaway in the first quarterly results reported operating earnings of $11.2 billion, up from $8.07 billion in the previous year.
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