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Warren Buffett's Berkshire cuts stake in Wells Fargo by 43%
short by Kiran Khatri / on Saturday, 5 September, 2020
Warren Buffett's Berkshire Hathaway has slashed its stake in Wells Fargo by 43% by selling over 100 million shares, the company said. It now holds a 3.3% stake or 136 million shares in the bank which are worth around $3.4 billion, as of Friday's close. Berkshire had already cut its stake in Wells Fargo by 25% in the second quarter.