Warren Buffett’s Berkshire Hathaway Sold Its Wells Fargo Shares — Should You Do the Same? Wells Fargo learned that lesson early this week after Buffett’s Berkshire Hathaway disclosed that it sold its remaining shares in the bank during the first quarter, ending a decades-long investment and sending Wells Fargo’s stock price close to a 2022 low. Two years earlier, Wells Fargo had to set aside $285 million to refund foreign-exchange and wealth-management clients it had overcharged. Partly because of those scandals, the Oracle of Omaha began trimming his stake in Wells Fargo three years ago. Related: 6 Alternative Investments to Consider for 2022Shares of Wells Fargo fell more than 2% in early trading on May 18.

Source: CNN May 18, 2022 19:40 UTC