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Maybe Warren Buffett Is The Buyer of Last Resort in Financials (BRK-A, WFC, BAC, USB) |
| Published: August 15, 2007, 1:33 pm |
| Tags: banking, buffett, financial stocks |
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Yesterday evening's FED FILINGS shows some interesting increases in holdings in Warren Buffett's Berkshire Hathaway (NYSE:BRK-A). He boosted holdings in his financial stocks, and it is helping the stocks today. Keep in mind that this has a June 30 cut-off date, so Berkshire Hathaway will have actually been feeling some pain in these names. Here are the increased holdings in financials and how it is helping the shares today after his filing: Bank of America (BAC), up 1.7% today at $48.68. June 29 close: $48.89 Wells Fargo Co. (WFC), up 1.2% at $34.07. June 29 close: $34.86. U.S. Bancorp (USB),... [ Full article ] |
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