Why Warren Buffett loaded up on more shares of Wells Fargo

Warren Buffett's Berkshire Hathaway is often associated with some of its largest holdings, such as Coca-Cola and American Express, even though the legendary investor hasn't put fresh funds for years into those companies. Many are watching Buffett to see where he's putting his money to work these days. High on that list is Wells Fargo, which became Berkshire Hathaway's (NYSE:BRK-A) (NYSE:BRK-B) largest outside investment two years ago. Buffett purchased about 9 million shares of San Francisco-based…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/bank_notes/2016/02/warren-buffett-wells-fargo-bank-berkshire-brk-wfc.html