Can You Own a Bank for the Long Term?

By Matt Koppenheffer – Feb 12, 2013 at 4:56PM

NYSE: WFC

Wells Fargo

Market Cap

$216B

Today's Change

(0.07%) $0.04

Current Price

$61.14

Price as of April 23, 2024, 2:13 p.m. ET

Is the banking sector too much of a four-letter word to buy and hold today?

While many investors may be timid about investing in banks after the financial crisis of 2008, in this video, Motley Fool financial analyst Matt Koppenheffer tells us that Warren Buffett would likely have a different opinion on that issue. Buffett has held shares of Wells Fargo (WFC 0.07%) through Berkshire Hathaway (BRK.B -0.35%) since at least 1990 and is currently the largest shareholder with an 8% stake. Matt goes on to tell us what some of the characteristics of Wells Fargo are that Buffett values so highly, and why WFC might be one of the best stocks in banking.

Matt Koppenheffer owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway 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.