Fairfax May Hold Wells Fargo, US Bank for Another 5-to-10 Years

Fairfax Financial Holdings Ltd. (FFH) may hold investments in Wells Fargo, US Bancorp (USB) and Johnson & Johnson (JNJ) for the next “five to 10 years,” Chief Executive Officer Prem Watsa said.

“Their earnings could double,” Watsa said at Fairfax’s annual meeting of shareholders in Toronto.

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net

To contact the editor responsible for this story: Will Daley at wdaley2@bloomberg.net

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