Many are waiting for the u.s. election results, one of the most is Warren Buffett.
Warren Buffett is the Berkshire Hathaway is the largest shareholder in Wells Fargo, but he will have to wait until after the presidential election before he comments on the recent scandal.
“If I start to comment on it or something else, it will lead into everything in many ways so I will have to wait until november to talk about it, the choice, or any other topic,” he told Fox Business.
Wells Fargo was recently a settlement with the regulators and paid 185 million dollars in fines. The background is that the bank employees opened up several million accounts without the customers ‘ knowledge. Yesterday, asked ceo John Stumpf out in the senate and there have been votes for that he must resign.
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Berkshire Hathaway owns 9.5% of Wells Fargo, and Warren Buffett has long spoken highly of the bank.
yesterday, said the well-known Wall Street analyst Dick Bove that it may be that Buffett plans to sell of the holding in Wells Fargo. Speculation based on the fact that one of Warren Buffett managers, Todd Combs, have taken place in the board of directors of a competing bank JP Morgan. This is despite the fact that none of Buffett company owns shares in JP Morgan.
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