Berkshire sheds nearly all of Wells Fargo, a holding since 1989

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Berkshire sheds nearly all of Wells Fargo, a holding since 1989

Reuters2021-05-18

(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...

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Dssummer
·2021-05-18
?
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Rick0209
·2021-05-18
Like my comments yo thanks
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KingJo
·2021-05-18
Finally… should have kept JP Morgan instead
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Theme
·2021-05-18
Good to take note of BH disposal of Wells Fargo. Although we cannot invest like Warren Buffet, but the move signifies the long term poor performance of Wells. It will be better to invest in ETFs like XLF. All the best.
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Korimerla
·2021-05-18
He might have some inside news about the stock
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- wyggy:
  maybeee...
  2021-05-18
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WEIJIETAN
·2021-05-18
hi
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- RexChuah:
  Comments and like pls
  2021-05-18
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jonbeloved
·2021-05-18
Wow
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- Phoebella:
  yeah
  2021-05-18
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- jonbeloved:
  Yes
  2021-05-18
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JaydenSee
·2021-05-18
Pls like and comments
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Lcc73
·2021-05-18
Like n comment
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- 1521yes:
  like
  2021-05-18
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- AnthonyC:
  Done
  2021-05-18
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asdine
·2021-05-18
Wells Fargo not good
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- Fanshuu:
  Yet still going up ??‍♂️
  2021-05-18
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In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195562497,"gmtCreate":1621302437319,"gmtModify":1704355417121,"author":{"id":"3582677815481587","authorId":"3582677815481587","name":"Rick0209","avatar":"https://static.tigerbbs.com/0473410a82f383ed42bd4fe03ee0ef85","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582677815481587","authorIdStr":"3582677815481587"},"htmlText":"Like my comments yo thanks","listText":"Like my comments yo thanks","text":"Like my comments yo thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195562497","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195511861,"gmtCreate":1621301336053,"gmtModify":1704355383702,"author":{"id":"3559556416091691","authorId":"3559556416091691","name":"KingJo","avatar":"https://static.tigerbbs.com/b0c610addd66a5842a11cbf8ce38b5f0","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"idStr":"3559556416091691","authorIdStr":"3559556416091691"},"htmlText":"Finally… should have kept JP Morgan instead","listText":"Finally… should have kept JP Morgan instead","text":"Finally… should have kept JP Morgan instead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195511861","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195277175,"gmtCreate":1621299725597,"gmtModify":1704355337321,"author":{"id":"3581549237814895","authorId":"3581549237814895","name":"Theme","avatar":"https://static.tigerbbs.com/8d589f20e0a3a44c380a2aacfda4272b","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3581549237814895","authorIdStr":"3581549237814895"},"htmlText":"Good to take note&nbsp;of BH disposal of Wells Fargo. Although we cannot invest like Warren&nbsp;Buffet, but&nbsp;the&nbsp;move signifies the long term poor performance of Wells. It will be better to invest in ETFs like XLF. All the best.","listText":"Good to take note&nbsp;of BH disposal of Wells Fargo. Although we cannot invest like Warren&nbsp;Buffet, but&nbsp;the&nbsp;move signifies the long term poor performance of Wells. It will be better to invest in ETFs like XLF. All the best.","text":"Good to take note of BH disposal of Wells Fargo. Although we cannot invest like Warren Buffet, but the move signifies the long term poor performance of Wells. It will be better to invest in ETFs like XLF. All the best.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195277175","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195275169,"gmtCreate":1621299653851,"gmtModify":1704355334564,"author":{"id":"3566099162047280","authorId":"3566099162047280","name":"Korimerla","avatar":"https://static.tigerbbs.com/8b1e7ef47aacafc432f0fe3719112ea2","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3566099162047280","authorIdStr":"3566099162047280"},"htmlText":"He might have some inside news about the stock","listText":"He might have some inside news about the stock","text":"He might have some inside news about the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/195275169","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4363412,"gmtCreate":1621311686043,"gmtModify":1680789422072,"authorId":3574126974732236,"author":{"id":3574126974732236,"idStr":"3574126974732236","authorId":3574126974732236,"name":"wyggy","avatar":"https://static.tigerbbs.com/efb73e0c5b01a857344a5ffbd784e825","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195275169,"type":1,"supId":0,"prevId":0,"content":"maybeee...","text":"maybeee...","html":"maybeee..."}],"langContent":"EN"},{"id":195276156,"gmtCreate":1621299581875,"gmtModify":1704355332132,"author":{"id":"3582626278346784","authorId":"3582626278346784","name":"WEIJIETAN","avatar":"https://static.tigerbbs.com/2483f895629fed2cdd03f50eb30f18f2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582626278346784","authorIdStr":"3582626278346784"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/195276156","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4361155,"gmtCreate":1621300020230,"gmtModify":1680789389431,"authorId":3581973369158219,"author":{"id":3581973369158219,"idStr":"3581973369158219","authorId":3581973369158219,"name":"RexChuah","avatar":"https://static.tigerbbs.com/a23f878e37c5d6c2d9ea1558710f63f3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195276156,"type":1,"supId":0,"prevId":0,"content":"Comments and like pls","text":"Comments and like pls","html":"Comments and like pls"}],"langContent":"EN"},{"id":195273838,"gmtCreate":1621299425324,"gmtModify":1704355328224,"author":{"id":"3560138341869725","authorId":"3560138341869725","name":"jonbeloved","avatar":"https://static.tigerbbs.com/1312ffb19627a11a2ad03b49693f53dd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3560138341869725","authorIdStr":"3560138341869725"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/195273838","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4368599,"gmtCreate":1621348433482,"gmtModify":1680789521854,"authorId":3559192645447375,"author":{"id":3559192645447375,"idStr":"3559192645447375","authorId":3559192645447375,"name":"Phoebella","avatar":"https://static.tigerbbs.com/c39afad3d430848c955620f39285f7b8","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195273838,"type":1,"supId":0,"prevId":0,"content":"<u>yeah</u>","text":"<u>yeah</u>","html":"<u>yeah</u>"},{"id":4368622,"gmtCreate":1621348542541,"gmtModify":1680789518233,"authorId":3560138341869725,"author":{"id":3560138341869725,"idStr":"3560138341869725","authorId":3560138341869725,"name":"jonbeloved","avatar":"https://static.tigerbbs.com/1312ffb19627a11a2ad03b49693f53dd","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.19","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195273838,"type":1,"supId":4368599,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":195270673,"gmtCreate":1621299319892,"gmtModify":1704355325127,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"htmlText":"Pls like and comments&nbsp;","listText":"Pls like and comments&nbsp;","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195270673","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195255987,"gmtCreate":1621298875049,"gmtModify":1704355306378,"author":{"id":"3564712937580301","authorId":"3564712937580301","name":"Lcc73","avatar":"https://static.tigerbbs.com/72523840e673b42dada1978a1dc74033","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3564712937580301","authorIdStr":"3564712937580301"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/195255987","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4360919,"gmtCreate":1621299188169,"gmtModify":1680789382685,"authorId":3575273204402761,"author":{"id":3575273204402761,"idStr":"3575273204402761","authorId":3575273204402761,"name":"1521yes","avatar":"https://static.tigerbbs.com/5c7c5c91dad8a3479b64a59aca3d3845","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.22","exceedPercentage":"93.80%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195255987,"type":1,"supId":0,"prevId":0,"content":"like","text":"like","html":"like"},{"id":4360830,"gmtCreate":1621298970256,"gmtModify":1680789373065,"authorId":3571137160288122,"author":{"id":3571137160288122,"idStr":"3571137160288122","authorId":3571137160288122,"name":"AnthonyC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195255987,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":195252746,"gmtCreate":1621298867085,"gmtModify":1704355307191,"author":{"id":"3582074828081294","authorId":"3582074828081294","name":"asdine","avatar":"https://static.tigerbbs.com/1de6a3b69cd62b99233606d7c5500508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582074828081294","authorIdStr":"3582074828081294"},"htmlText":"Wells Fargo not good","listText":"Wells Fargo not good","text":"Wells Fargo not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/195252746","repostId":2136954849,"repostType":4,"repost":{"id":"2136954849","kind":"news","pubTimestamp":1621298418,"share":"https://ttm.financial/m/news/2136954849?lang=&edition=fundamental","pubTime":"2021-05-18 08:40","market":"us","language":"en","title":"Berkshire sheds nearly all of Wells Fargo, a holding since 1989","url":"https://stock-news.laohu8.com/highlight/detail?id=2136954849","media":"Reuters","summary":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warre","content":"<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo &amp; Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.</p><p>The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"</p><p>Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.</p><p>Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.</p><p>Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire sheds nearly all of Wells Fargo, a holding since 1989</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire sheds nearly all of Wells Fargo, a holding since 1989\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful ...</p>\n\n<a href=\"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/berkshire-sheds-nearly-wells-fargo-205618796.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136954849","content_text":"(Reuters) - Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest U.S. bank as of March 31, down from around $32 billion in January 2018.Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake.The bank's reputation was shattered by revelations that employees facing aggressive sales goals opened millions of unwanted accounts, charged unnecessary mortgage fees and forced drivers to buy car insurance they did not need. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling. Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a \"dumb\" incentive system and was slow to make things right. \"The big thing is they ignored it when they found out about it,\" he said. \"You absolutely have to attack a problem as soon as it occurs, and you know about it. And if that had happened, Wells Fargo shareholders would be a lot better off.\"Berkshire, based in Omaha, Nebraska, still owns shares of other banks, including $Bank of America Corp(BAC-N)$, its largest common stock holding other than Apple Inc.Wells Fargo paid $3 billion in February 2020 to settle criminal and civil probes.Last November, the U.S. Securities and Exchange Commission charged two former top Wells Fargo executives with misleading investors about its financial results. Wells Fargo remains under a February 2018 Federal Reserve directive barring asset growth until it makes sufficient improvements.Shares of Wells Fargo closed Monday up 94 cents at $47.90. Although the price has more than doubled since October, it is 28% below its January 2018 peak.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4360872,"gmtCreate":1621299056326,"gmtModify":1680789376106,"authorId":3576629019645766,"author":{"id":3576629019645766,"idStr":"3576629019645766","authorId":3576629019645766,"name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195252746,"type":1,"supId":0,"prevId":0,"content":"Yet still going up ??‍♂️","text":"Yet still going up ??‍♂️","html":"Yet still going up ??‍♂️"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":40,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}