Wells Fargo CEO Surprised by Buffett’s Eating Habits

John Stumpf, CEO of Wells Fargo & Co., when telling the story of eating his first meal with Warren Buffett in Omaha, Nebraska, said he was quite shocked by the eating habits of the billionaire investor. Stumpf, in response to a question made about Warren Buffett at the National Press Club today in Washington, said …

Continue reading ‘Wells Fargo CEO Surprised by Buffett’s Eating Habits’ »

9 Reasons to Buy Wells Fargo (Buffett’s Favorite Stock)

There’s plenty to love about Wells Fargo. It’s Berkshire Hathaway’s number one holding. They are one of the most stable banks all across the world, and year-to-date, the stock price is up 30%. Although, based on the comments of a number of investors and a recent article titled “Is It Finally Time to Buy Bank …

Continue reading ‘9 Reasons to Buy Wells Fargo (Buffett’s Favorite Stock)’ »

Wells Fargo Now Warren Buffett’s Biggest Holding

In recent years, Warren Buffett has had an incredible appetite for buying shares of the San Francisco-based bank Wells Fargo. It is now the biggest public investment in the Berkshire Hathaway portfolio. Wells Fargo recently pushed aside the long-standing Coca-Cola, which Berkshire Hathaway began purchasing in late 1987, and finally stopped in 1995. He believed …

Continue reading ‘Wells Fargo Now Warren Buffett’s Biggest Holding’ »

Buffett Believes Wells Fargo Should Shoot For $1 Trillion In Mortgages

Billionaire investor and chairman of Berkshire Hathaway Inc., Warren Buffett, stated that Wells Fargo will receive a nice payoff as the housing market bounces back in the United States, due to their dominance in this particular marketplace. “They’ve got a sensational mortgage operation,” Warren Buffett said while on the Bloomberg television program “In the Loop …

Continue reading ‘Buffett Believes Wells Fargo Should Shoot For $1 Trillion In Mortgages’ »