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Buffett: Banks Going To Get Squeezed Bit On Interest Margin -CNBC

DOW JONES NEWSWIRES Berkshire Hathaway Corp. (BRKA, BRKB) CEO Warren Buffett said in a brief interview aired Friday on CNBC that "banks are going to get squeezed a bit on interest margin." Buffett said however banks no longer bear any resemblance to four years ago -- "they have the balance sheets, they have a lot more equity." Buffett, whose firm owns large stakes in Wells Fargo & Co. (WFC) and Bank of America Corp. (BAC), said he didn't think the first quarter would be Wells' best quarter, while acknowledging that of course he doesn't know the numbers. Full story at www.cnbc.com -Dow Jones Newswires; 212-416-2900

Stock News for Wells Fargo (WFC)
DateTimeHeadline
10/14/201417:58:52MARKET SNAPSHOT: S&P 500 Snaps 3-day Losing Streak
10/14/201417:46:58Wells Fargo Third-Quarter Profit Rises -- 5th Update
10/14/201417:43:50Wells Fargo Third-Quarter Profit Rises -- 4th Update
10/14/201417:34:58MARKET SNAPSHOT: U.S. Stocks Rise Amid Upbeat Earnings
10/14/201417:33:08U.S. Hot Stocks: Hot Stocks to Watch
10/14/201417:26:48MARKET SNAPSHOT: U.S. Stocks: Futures Climb As Citi, J&J Earnings...
10/14/201412:36:27MARKET SNAPSHOT: U.S. Stocks: Futures Climb As JPM Reports, Citi...
10/14/201410:23:56MARKET SNAPSHOT: U.S. Stocks: Futures Flat As JPM, Citi Earnings...
10/12/201405:53:30MARKET SNAPSHOT: Earnings Under Pressure From Stronger U.S. Dollar
10/05/201406:18:12MARKET SNAPSHOT: The Best And Worst Sectors Going Into Earnings...
09/29/201423:00:21Bank Branches in U.S. Dip to Lowest Since 2005
09/29/201422:52:12Bank Branches in U.S. Decline to Lowest Level Since 2005 -- Update
09/29/201418:01:11Bank Branches in U.S. Decline to Lowest Level Since 2005
09/24/201410:00:11Investor Optimism Highest in 7 Years, Survey Finds
09/24/201409:34:17Investor Optimism Highest in Seven Years, Says Survey
09/23/201417:45:56Advisers' Side Businesses Include Broadway Shows, Cattle Farms...
09/22/201418:54:36Minority Borrowers Feel Mortgage Pinch--Update 2
08/14/201417:25:28Berkshire Hathaway Continued Investing in Media in Second Quarter
08/06/201417:30:05Wells Fargo Says Litigation Losses Could Be As Much As $1.2 Billion
08/06/201417:19:58Wells Fargo Says Loss Measurement Related to Litigation Could...

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