Wells Fargo (WFC) IV into Buffett reduces stake

Wells Fargo (NYSE: WFC) 30-day option implied volatility is at 18; compared to its 52-week range of 16 to 29 into Warren Buffett’s Berkshire Hathaway (BRK-B) on Friday disclosed its stake fell 15% in the quarter to 323M million shares worth $17.4B, trailing its stakes in Bank of America (BAC) and American Express (AXP).

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