Business Standard

Monday, December 23, 2024 | 06:25 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Warren Buffett's top stock last year was the bank he's been bailing on

Wells Fargo & Co. shares delivered a total return of 61% last year, outpacing every other company listed in the most recent public snapshot of Berkshire Hathaway Inc.'s portfolio, as of Sept. 30

Warren Buffett, Buffett
Premium

Warren Buffett | Photo: Reuters

Bloomberg
Warren Buffett’s best-performing stock last year? One he’s been dumping.

Wells Fargo & Co. shares delivered a total return of 61% last year, outpacing every other company listed in the most recent public snapshot of Berkshire Hathaway Inc.’s portfolio, as of Sept. 30, according to data compiled by Bloomberg. That trounced the performance of the conglomerate’s two biggest bets, Apple Inc. and Bank of America Corp.

Buffett’s Berkshire will give investors an updated look at its holdings in coming days. Already, its filings show that Wells Fargo’s rebound was largely a missed opportunity. For years, the San Francisco-based bank ranked as the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in