|Bid||24.60 x 1800|
|Ask||26.77 x 1000|
|Day's range||24.75 - 24.90|
|52-week range||24.10 - 25.50|
|Beta (5Y monthly)||1.36|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.53 (2.16%)|
|Ex-dividend date||25 Feb 2021|
|1y target est||N/A|
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.
(Reuters) -Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co. The changes were disclosed in a regulatory filing detailing Berkshire's U.S.-listed holdings as of March 31. Berkshire also shed two smaller holdings entirely, Canada's Suncor Energy Inc and private label credit card issuer Synchrony Financial Inc.
NEW YORK (Reuters) -Wells Fargo has launched a 10-year commitment to help unbanked individuals in the United States gain access to affordable, mainstream bank accounts, the company said on Monday. The initiative aims to help Black and African Americans, Hispanics, and Native Americans, who account for more than half of the country's 7 million unbanked households, have easier access to low-cost banking, Wells Fargo said. Banks are under pressure from lawmakers and advocates to increase financial inclusion and access to banking services for underserved communities.