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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
06/29/201619:21:00Fed Approves Wells Fargo's Capital Plan -- Update
06/29/201616:59:00Fed Approves Wells Fargo's Capital Plan
06/29/201616:57:00Wells Fargo Receives No Objection to Its 2016 Capital Plan
06/29/201611:30:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/29/201609:00:00Wells Fargo Public Finance Expands; New Directors in Boston and...
06/29/201608:00:00Millennial Small Business Owners in it for the Long Haul, Wells...
06/29/201603:03:00Supreme Court Will Hear Appeal on ATM-Fees Case -- WSJ
06/28/201613:08:00Supreme Court to Hear Case on ATM Fees -- 2nd Update
06/28/201612:33:22Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/28/201612:00:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/28/201611:30:00Supreme Court to Hear Case on ATM Fees
06/28/201611:17:00Supreme Court to Hear Case on ATM Fees -- Update
06/28/201610:43:00Supreme Court to Hear Case on ATM Fees
06/28/201609:00:00Wells Fargo Awards $2.6 Million to 61 Environmental Nonprofits
06/27/201610:26:00Wells Fargo to Offer Real-Time P2P Payments to 17 Million Mobile...
06/27/201609:00:00U.S. Conference of Mayors, Wells Fargo Announce 2016 CommunityWINS...
06/24/201619:01:00Wells Fargo Closed-End Funds Declare Monthly Dividends
06/24/201618:10:00Bank Shares Plummet Around the World, but Europe Fares Worst
06/23/201617:10:00Fed Stress Tests: All Big Banks Clear Bar for Capital Requirements
06/23/201617:00:00Wells Fargo Exceeds Fed Minimum Capital Level Under Stress Scenario

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