It Pays to Be a Part of Buffett's Favorite Banks

By Matt Koppenheffer – Jan 30, 2013 at 5:45PM EST

NYSE: GS

Goldman Sachs Group

Market Cap

$268B

Today's Change

(0.81%) $7.20

Current Price

$900.68

Price as of December 22, 2025 at 3:49 PM ET

Two of Warren Buffett's favorite banks get a nice reward.

In the following video, Motley Fool financial analyst Matt Koppenheffer discusses the announcement that Berkshire Hathaway (NYSE: BRK-B) is issuing new debt, with Goldman Sachs (GS +0.81%) and Wells Fargo (WFC +1.34%) as the book runners on the deal. Berkshire owns a stake in both banks, and Warren Buffett thinks very highly of both. Matt tells us why it pays to be on Buffett's favorite list.

Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.

TMFKopp

@KoppTheFool

Stocks Mentioned

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

It Pays to Be a Part of Buffett's Favorite Banks

NYSE: GS

Goldman Sachs Group

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Goldman Sachs Group

Wells Fargo

Berkshire Hathaway

Berkshire Hathaway

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