Deals
Buffett Takes BNY Mellon Stake, Adds Wells Fargo Stock
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Warren Buffett’s Berkshire Hathaway Inc. disclosed a stake in Bank of New York Mellon Corp. and increased its holding in Wells Fargo & Co. as the lender posted record profit.
Buffett’s firm had 1.99 million shares of BNY Mellon, the world’s largest custody bank, at the end of the third quarter, Omaha, Nebraska-based Berkshire said today in a regulatory filing that listed the company’s U.S. stockholdings as of Sept. 30. Berkshire had 336.4 million shares of Wells Fargo, compared with 320.1 million three months earlier.