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Wall Street News

Bank Stocks in Warren Buffett's Portfolio

April 6, 2017

Berkshire Hathaway, which is traded on the NYSE (under symbols BRK-A and BRK-B) is the 2nd largest conglomerate in the world. [FYI – Alphabet, Google’s parent company, it #1.]


Anyway, Berkshire has a portfolio of dozens of common stocks, with bank stocks making up a large portion of that portfolio. Berkshire currently owns shares in 6 bank stocks, and a 7th may be added in the future. Much has been made about Berkshire’s holdings in Wells Fargo – particularly last year when news broke about the sales scandal. It doesn’t appear that Berkshire ever sold any of its holdings in WFC.


The Motley Fool notes that the following 6 bank stock holdings account for about 11% of Berkshire's entire market cap. Here they are, along with the eventual 7th:



Recent Share Price

Shares Owned by Berkshire

Value of Investment

Wells Fargo


479.7 million

$26.8 Billion

American Express


151.6 million

$11.9 Billion

U.S. Bancorp


85.1 million

$4.5 Billion

Goldman Sachs


11.0 million

$2.5 Billion

BNY Mellon


21.7 million

$1.0 Billion

M&T Bank


5.4 million

$834 Million

Bank of America $23.85 700 million ????  $16.7 Billion      ????


Pursuant to a credit crisis deal that Buffett entered into with Bank of America, Berkshire owns warrants to buy 700 million shares of the bank for just $7.14 - at any time before September 2021. In recent shareholder letters, Buffett has all but told investors that Berkshire intends to exercise these warrants and finance, it's just a matter of when it will happen.