Wells Fargo & Co (WFC), Berkshire Hathaway Inc. (BRK.A): The Buffett Boost

One day at a time
Since the bank is currently riding the Buffett Express, there’s no telling right now how investors will react to the oncoming suit from New York. But both events, the Berkshire Hathaway Inc. (NYSE:BRK.A) meeting and the new courtroom case, show how news headlines can push and pull your stocks on any given day. Though Buffett is a big investor in the bank (and a respected investing guru), his comments only highlight what Wells Fargo & Co (NYSE:WFC) is already doing right — they won’t change anything for the bank. And the case from New York is centered on a very specific circumstance, which also won’t affect the bank’s day-to-day operations. So don’t be lead astray by a headline on any given day — focus on the long term.

The article Peaks and Valleys for Buffett’s Favorite Bank originally appeared on Fool.com is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool recommends Berkshire Hathaway and Wells Fargo. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, and Wells Fargo.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.