By Daily Crux Editor Sean Goldsmith:
At the most recent Berkshire Hathaway shareholders meeting, Warren Buffett said that if he had to put his entire net worth into one stock, it would be Wells Fargo. And so far, he's stayed true to his word.
As shares of the San Francisco-based bank fell, Buffett bought more... He now owns over 12 million shares.
Buffett also increased his holdings of Johnson & Johnson and U.S. Bancorp. He dumped some United Health.
Read full article...
More on Buffett, Wells Fargo and banks:
Buffett: "If I had to put all my net worth in one stock..."
It's a "great time to be in banking," says Buffett
The 5 bank stocks Warren Buffett owns