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

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

NYSE: GS

Goldman Sachs Group

Market Cap

$136B

Today's Change

(0.98%) $4.10

Current Price

$424.15

Price as of April 26, 2024, 11:24 a.m. 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 (BRK.B -0.80%) is issuing new debt, with Goldman Sachs (GS 0.98%) and Wells Fargo (WFC -0.45%) 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 owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway, Goldman Sachs, and Wells Fargo. The Motley Fool owns shares of Berkshire Hathaway and Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.