Why Warren Buffett Sold Some Wells Fargo Stock
Wells Fargo (NYSE: WFC) has fallen out of favor among investors. One of the "big four" incumbent U.S. banks, the company has recently been dogged by scandal and dinged by fundamental under-performance. Just see how it's done compared to the other big banks:
For many years, one of Wells Fargo's most enthusiastic bulls has been Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) Chairman and CEO Warren Buffett. But is he morphing into a bear? Berkshire has trimmed its stake in the bank for two quarters in a row. Maybe that portends Buffett's eventual abandonment of his once beloved investment.
Source: Fool.com
Wells Fargo & Co. Stock
€53.96
0.040%
We see a rather positive sentiment for Wells Fargo & Co. with 18 Buy predictions and 2 Sell predictions.
As a result the target price of 60 € shows a slightly positive potential of 11.19% compared to the current price of 53.96 € for Wells Fargo & Co..
