Buffett: Banks Going To Get Squeezed Bit On Interest Margin -CNBC
May 04 2012 - 7:27AM
Dow Jones News
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
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