Wells Fargo’s Commercial Portfolio set to Explode?
| September 17th, 2009 | ||
| Contributed by: Teri Buhl | ||
| This morning, Teri Buhl released an exclusive report entitled “Wells Fargo’s Commercial Portfolio is a ticking time bomb.” The report details how Wells Fargo (NYSE: WFC) has hired outside consultants to review its commercial portfolio and reportedly “they are shocked with what they are seeing. Not only do the bank’s outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank.” To view the complete article on Bankimplode.com, please check out: Exclusive – Wells Fargo’s Commercial Portfolio is a ticking time bomb As of 6/30/09, notable holders of Wells Fargo include: #1) Warren Buffett’s Berkshire Hathaway: (302,609,212 shares) #7) Wellington Management Company (132,768,076 shares) #9) Dodge & Cox (82,146,205 shares) #50) CalPERS: (10,693,798 shares) | ||
For Detailed Investor Profiles on these Investors, click below: |
Berkshire Hathaway (Warren Buffett) |
CalPERS |
Related People: Charles T. Munger;
Related Entities: Berkshire Hathaway Finance Corp;
Related Article Tags: Investment Management, Fund Manager and General Financial News; Hedge Fund Resources and Featured Partner News
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