Wells Fargo: Should You Be Banking With Buffett?
Banking giant Wells Fargo (WFC) is a favorite holding of Berkshire Hathaway (BRK-A) which held more than 411 million shares or about 7.78% of the outstanding shares as of June 29. Warren Buffett was on CNBC Wednesday morning talking up the stock while indicating he had purchased more shares in recent months.
WFC shares were at $33.90 as of Wednesday at 2:25 p.m., little changed from where they traded six years ago. BRK and others were large buyers in early 2009 when the shares plunged (into single-digits) along with the overall market. Should you be joining them now?...276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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