Berkshire Boost From Trump Tax Plan Seen as High as $29 Billion
- Barlcays’s Gelb analyzes drop in deferred tax liability
- Buffett’s company has rallied since Trump won U.S. election
Warren Buffett
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Warren Buffett’s Berkshire Hathaway Inc. could get a $29 billion boost to its book value under tax-rate cuts advocated by President-elect Donald Trump, according to Barclays Plc.
“We would view this magnitude of increase as favorable for Berkshire shares since it is generally valued on price to book value,” Barclays analysts led by Jay Gelb said in a note to investors Monday.