Warren Buffett's Berkshire Hathaway slashes Wells Fargo stake by 43% - Business Insider

The famed investor's conglomerate already slashed its stake in the banking giant by 25% to about 238 million shares

. Berkshire has continued selling since then, cutting its stake by about 43% to 136 million shares, the filing shows. It now holds a 3.3% stake in the bank.A UBS real estate-investing chief told us 5 ways investors can profit from the pandemic's transformation of how Americans live and work — including the housing markets poised to boom

Berkshire was previously Wells Fargo's biggest shareholder, owning 323 million shares or a 7.8% stake earlier this year. The bank also ranked among Berkshire's five most valuable holdings earlier just a few months ago. Wells Fargo's stock price has slumped about 54% this year to below $25, meaning Berkshire's 136 million shares were worth about $3.4 billion as of Friday's close.

Berkshire sold a bunch of financial stocks last quarter. It slashed its JPMorgan stake by more than 60%, exited its Goldman Sachs position, and sold shares of BNY Mellon, PNC Financial, US Bancorp, Visa, and Mastercard, among others.

La mayoria de accionistas en las empresas, no siempre conllevan al exito su capital; ya que el mercado es fragil y factores externos los pueden afectar, por lo cual la venta de acciones al valor de la oportunidad no tendra marcha atras. carlosamarin EduardGutty MLOPEZ1633

He seems to like BofA

Way to go Warren King Genovese Jacques Guinn Grant Rhett Tuli

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside McDonald's whirlwind week and how brands are using TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Warren Buffett's Apple stake plunged in value by $10 billion during Thursday's tech rout - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Insider Transportation: EV startups take a new road to public markets - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How 8 private aviation execs are preparing for loss of business travel - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The life-changing advice that helped me grow my small business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Diversity and inclusion tips for business, from a senior diversity coach - Business InsiderI'm a diversity and inclusion coach who's helped Deloitte, British American Tobacco, and the UK Ministry of Defence improve their workplaces. Here are 4 concrete strategies to make your business more inclusive. Thought this was Tira Barge pole
Source: BusinessInsider - 🏆 729. / 51 Read more »