Please Sign Up or Log In first. Bookmark of this page has been deleted. GuruFocus Podcast Episode 2: Wells Fargo, Scandal & Investors With Bill Smead Interview with Smead Capital’s Bill Smead on impact of bank’s misdeeds October 04, 2016 | About: WFC +0% BRK.A +0% BRK.B +0% The second episode of the new GuruFocus podcast is available for listeners. In this episode , GuruFocus talks with noted investor Bill Smead of the $2.4 billion Smead Capital Management. The conversation covers Wells Fargos creation of millions of fake bank accounts that incurred a $185 million fine, the ire of congress and a warning from Buffett that trust may be difficult to regain. Bill discusses the implications of the scandal for the bank and whether it is a buy after the price drop, as well as his outlook for financials, what he thinks investors should buy and more. Wells Fargo ( NYSE:WFC ) is Warren Buffett ( Trades , Portfolio )’s favorite bank. this postHe owns it in his portfolio personally, and Berkshire Hathaway ( NYSE:BRK.A )( NYSE:BRK.B ) has an almost 10% stake.
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