Buffett EST on May 2 that out of Wells Fargo Bank is in an excellent location of the financial crisis.
Buffett said that the Wells Fargo strong, which will help the No. 4 U.S. major banks to attract customers and deposits, Wells Fargo shares on 5 March fell to 7.8 U.S. dollars, Buffett is on the increase in the price holders of Wells Fargo stock. Buffett to shareholders, said: "If the situation allows, I will buy Bank of the United States of America and Wells Fargo all the shares", the problem is that case, Berkshire will become a bank holding company. At present, holders of Berkshire has a large number of shares of the two banks.
According to the annual reports of Berkshire Hathaway - Hathaway more than 300 million shares held by Wells Fargo shares, worth 8.97 billion U.S. dollars, Wells Fargo is Berkshire - Hathaway holding company's second-largest number, after Coca-Cola.
Buffett said that companies like Chrysler, the United States of America and Wells Fargo bank profits high and strong profitability.
May. 2, 2009 Sina Finance
