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Warren Buffett's Berkshire Hathaway Reduces Stake In Wells Fargo

Video Credit: Wochit News
Published on September 7, 2020 - Duration: 00:32s

Warren Buffett's Berkshire Hathaway Reduces Stake In Wells Fargo

Warren Buffett's Berkshire Hathaway has cut its Wells Fargo.

Its stake in Wells Fargo is now at a 17 year low.

On Friday, Berkshire Hathaway said it owns 3.3% of the company, its slimmest ownership position since 2003.

In 1994, Berkshire owned 13.3% of the bank.

It held more than 500 million shares worth more than $27 billion in 2016.

Buffett's company now holds fewer than 140 million shares, worth about $3.4 billion.

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Wells Fargo

American multinational banking and financial services company
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Warren Buffett

American investor, entrepreneur, and businessperson

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