114 Rick Parsons – Will Buffett Buy More Wells Fargo?

Wells Fargo has been in the news for all the wrong reasons over the past month.

It’s no secret that Warren Buffett is a major shareholder in Wells Fargo, how will he respond to the recent developments? Should other investors follow suit?

I sit down with seasoned banker Rick Parsons to learn more.

(Press play button to listen or click here to download.)

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warren buffett wells fargo stake

A quick overview:

  • Why Buffett originally bought Wells back in the late 1980s.
  • Why he sold in the late 1990s and bought again in early 2000s.
  • How he made a bad move with Wells in 2007.
  • What he will likely do with his Wells position going forward.
  • A simple measure to guide investors as to when it’s a good time to buy bank shares.
  • How the banking climate has changed.
  • Why an increase in interest rates won’t help banks like so many people expect.
  • What banks will benefit from rising rates.
  • What Rick’s favorite banks are right now.

Companies Mentioned: Wells Fargo (WFC), Berkshire (BRK.B), PNC (PNC), Huntington (HBAN), Bancorp (FITB), Chase (JPM), Comerica (CMA)

I hope you enjoy the interview.



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114 Rick Parsons – Warren Buffett Wells Fargo Stake – Will Buffett Buy More Wells Fargo?

warren buffett wells fargo stake