If Warren Buffett Loves Wells Fargo So Much, Why Is He Selling the Stock? [The Motley Fool]
Berkshire Hathaway Inc. New (BRK.B)
Last berkshire hathaway inc. new earnings: 11/2 07:00 am
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Source: The Motley Fool
Berkshire Hathaway has unloaded more than 60 million Wells Fargo shares in recent years. What does it mean to investors? Since news of Wells Fargo's ( NYSE:WFC ) fake accounts scandal broke, Warren Buffett has been asked several times whether he still thought the bank was a good investment. At Berkshire Hathaway's ( NYSE:BRK-A ) ( NYSE:BRK-B ) most recent annual meeting in May 2018, Buffett was even asked by a shareholder at what point enough would be enough and Berkshire would get rid of the stock. Not only has Buffett repeatedly defended Wells Fargo as a good long-term investment, but he's even gone so far as to say that he thinks it will do quite well in the years ahead. Also, in May, Buffett told CNBC that he thought Wells Fargo would outperform the other big U.S. banks over the next decade. Image source: The Motley Fool. Berkshire continues to sell shares in the bank Despite Buffett's positive comments about the bank, Berkshire sold near
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- BRK.B's page on the SEC website