Billionaire Warren Buffett’s Berkshire Hathaway disclosed on Friday that the investment conglomerate has slashed its stake in US lender Wells Fargo & Co to 3.3%.According to a SEC filing, Berkshire (BRK.A) now owns about 137.6 million shares in Wells Fargo, worth $3.4 billion, down from the 237.6 million shares it owned as of the end of the second quarter. The US lender’s shares were down almost 1% in Friday’s after-market session.Wells Fargo (WFC) stock has been hit hard, diving 54% so far this year as the US investment bank grapples with the financial fallout of the coronavirus pandemic and recent …read more
Source:: Yahoo Finance
