Sunday, May 17, 2009

Buffett Increases Stakes in Bank Stocks

Warren Buffett's Berkshire Hathaway has just released its first quarter 13F report re its stock portfolio .

The report shows that Buffett increased his stakes in both Wells Fargo and U.S. Bancorp.

The Wells Fargo stake increased by about 12 million shares during the period, or 4.3 percent.

The US Bancorp stake is up by 2.2 percent, or 1.5 million shares to 69.0 million.

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