Thread regarding Wells Fargo & Co. layoffs

Warren Buffett’s Berkshire Hathaway Cuts Wells Fargo Stake

Berkshire Hathaway (ticker: BRKb) disclosed that it sold 55.2 million of Wells Fargo (ticker: WFC) shares in the fourth quarter, reducing its investment in the embattled bank to 323.2 million shares. Berkshire Hathaway noted the change in a form it filed with the Securities and Exchange Commission.

https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-cuts-wells-fargo-stake-stock-51581720220

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| 993 views | | 1 reply (February 18, 2020) | Reply
Post ID: @OP+13zVLgev

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WFC is a laggard in terms of stock performance compared to other banks. Personally, I regret having shares.

If I would have buy any of the competitor's stock, I would be up 50%, even 100% by now.

Not surprise Buffet is dumping WFC now. May be I should do the same.

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Post ID: @cro+13zVLgev

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