Would Warren Buffett Buy 10% of Wells Fargo Today?
Warren Buffett has made it clear that he isn't abandoning Wells Fargo (NYSE: WFC) despite all of the trouble the bank has gotten into of late. But that shouldn't be interpreted as a signal for other investors to buy its stock.
I'd even go so far as to argue that Buffett wouldn't think about making as substantial of an investment (based on ownership percentage) in Wells Fargo today as he did in the early 1990s, when he accumulated Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) stake in the bank.
Warren Buffett, chairman and CEO of Berkshire Hathaway. Image source: The Motley Fool.
Source: Fool.com
Wells Fargo & Co. Stock
€54.98
-0.940%
With 18 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 60 € there is a slightly positive potential of 9.13% for Wells Fargo & Co. compared to the current price of 54.98 €.
