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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
03/24/201713:40:00Wells Fargo Asset Management Wins Eight Lipper Fund Awards
03/24/201712:19:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/23/201715:54:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/23/201708:00:00Wells Fargo/Gallup Survey: U.S. Investor Optimism Rises to Highest...
03/22/201712:44:15Current Report Filing (8-k)
03/22/201712:40:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/21/201717:15:28Additional Proxy Soliciting Materials (definitive) (defa14a)
03/21/201716:56:00Fed's Dudley Cites Wells Fargo Scandal in Call to Change Banking...
03/21/201715:54:00Wells Fargo Digs Deeper Into Its Culture Issues
03/21/201715:23:00Wells Fargo CEO Tim Sloan Announces Six New Long-Term Goals and...
03/21/201711:46:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/20/201714:59:00Correction to Wells Fargo Accounts Story
03/20/201714:00:00Wells Fargo's Checking Account and Credit-Card Openings Keep...
03/20/201713:09:00Wells Fargo's Checking Account and Credit-Card Openings Keep...
03/20/201711:31:35Current Report Filing (8-k)
03/20/201711:30:00Wells Fargo Reports February Retail Banking Customer Activity
03/17/201714:39:43Statement of Changes in Beneficial Ownership (4)
03/17/201714:30:03Statement of Changes in Beneficial Ownership (4)
03/17/201714:15:21Statement of Changes in Beneficial Ownership (4)
03/17/201714:00:04Statement of Changes in Beneficial Ownership (4)

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