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Berkshire Hathaway buys back $9.6 billion of its own stock but its profits declined
Summary by The San Antonio Editorial Desk Josh Funk, Associated Press , as published by KSAT 12 (ABC affiliate)
· November 7, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
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 Clas...
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Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Josh Funk, Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Nov 7, 2026 Indexed here Nov 7, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points 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 Clas... More News Today’s briefing Local events
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What is this story about? 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 Clas...
When was this published? This article was first published on November 7, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Josh Funk, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The San Antonio, or browse our daily briefing and topic hubs .
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