Bloomberg News

Buffett Adds to Wells Fargo Stake, Tells CNBC Bank is Well Run

October 24, 2012

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., has increased his stake in Wells Fargo & Co. (WFC:US) in the past week, he told CNBC.

“Wells is very well run,” Buffett, 82, told the business news station in an interview today without disclosing the size of his latest purchases of the San Francisco-based bank.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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Companies Mentioned

  • WFC
    (Wells Fargo & Co)
    • $52.09 USD
    • 0.49
    • 0.94%
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