Berkshire Hathaway Lowers Stake In Wells Fargo, A Top 10 Holding
Berkshire Hathaway Lowers Stake In Wells Fargo, A Top 10 Holding
Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has nearly halved its stake in Wells Fargo & Company (NYSE:WFC).
What Happened: Berkshire Hathaway has sold over 100 million shares of Wells Fargo, according to Business Insider.
This represents a 43% drop in the Wells Fargo stake owned by Berkshire Hathaway, which now owns 136 million shares.
Why It’s Important: Berkshire's stake in Wells Fargo was 7.8% earlier this year, with over 325 million shares held.
The company has slashed its stake in Wells Fargo twice in 2020. Berkshire Hathaway, once the largest shareholder in Wells Fargo, now owns 3.3% of the bank.
At the end of the second quarter, Wells Fargo was the seventh-highest valued Berkshire stock holding, worth $6.1 billion.
Berkshire Hathaway has been selling stakes in financial stocks throughout 2020. A position in Goldman Sachs Group (NYSE:GS) was eliminated. Stakes in JPMorgan Chase & Co. (NYSE:JPM), Bank of New York Mellon (NYSE:BK), PNC Financial Services Group (NYSE:PNC), U.S. Bancorp (NYSE:USB), Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) were reduced this year.
What’s Next: Berkshire Hathaway recently bet big on Japanese stocks, buying 5% stakes in five of the largest companies in the country.
WFC Price Action: Shares of Wells Fargo were down 3.09% at $24.02 at last check Tuesday; the stock is down more than 50% in 2020.
Photo via Wikimedia.
Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has nearly halved its stake in Wells Fargo & Company (NYSE:WFC).
What Happened: Berkshire Hathaway has sold over 100 million shares of Wells Fargo, according to Business Insider.
發生的事情：伯克希爾哈撒韋公司已經已售出根據“商業內幕”(Business Insider)的數據，富國銀行(Wells Fargo)持有1億股。
This represents a 43% drop in the Wells Fargo stake owned by Berkshire Hathaway, which now owns 136 million shares.
這意味着伯克希爾哈撒韋持有的富國銀行(Wells Fargo)股份減少了43%，目前伯克希爾哈撒韋持有1.36億股。
Why It’s Important: Berkshire's stake in Wells Fargo was 7.8% earlier this year, with over 325 million shares held.
為什麼它很重要：今年早些時候，伯克希爾在富國銀行(Wells Fargo)的持股比例為7.8%，持有的股票超過3.25億股。
The company has slashed its stake in Wells Fargo twice in 2020. Berkshire Hathaway, once the largest shareholder in Wells Fargo, now owns 3.3% of the bank.
該公司在2020年曾兩次大幅減持富國銀行的股份。伯克希爾哈撒韋曾是富國銀行的最大股東，現在持有該行3.3%的股份。
At the end of the second quarter, Wells Fargo was the seventh-highest valued Berkshire stock holding, worth $6.1 billion.
在結束時，第二季度在伯克希爾哈撒韋公司持有的股票中，富國銀行(Wells Fargo)是估值第七高的股票，價值61億美元。
Berkshire Hathaway has been selling stakes in financial stocks throughout 2020. A position in Goldman Sachs Group (NYSE:GS) was eliminated. Stakes in JPMorgan Chase & Co. (NYSE:JPM), Bank of New York Mellon (NYSE:BK), PNC Financial Services Group (NYSE:PNC), U.S. Bancorp (NYSE:USB), Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) were reduced this year.
What’s Next: Berkshire Hathaway recently bet big on Japanese stocks, buying 5% stakes in five of the largest companies in the country.
下一步是什麼：伯克希爾哈撒韋公司最近下大賭注在日本股票方面，買入日本五家最大公司5%的股份。
WFC Price Action: Shares of Wells Fargo were down 3.09% at $24.02 at last check Tuesday; the stock is down more than 50% in 2020.
WFC價格操作：富國銀行(Wells Fargo)週二的最新股價下跌3.09%，至24.02美元；2020年該股跌幅超過50%。
Photo via Wikimedia.
照片通過維基媒體.
譯文內容由第三人軟體翻譯。
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