Why Warren Buffett Sold Some Wells Fargo Stock

Wells Fargo (NYSE: WFC) has fallen out of favor among investors. One of the "big four" incumbent U.S. banks, the company has recently been dogged by scandal and dinged by fundamental under-performance. Just see how it's done compared to the other big banks:

For many years, one of Wells Fargo's most enthusiastic bulls has been Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) Chairman and CEO Warren Buffett. But is he morphing into a bear? Berkshire has trimmed its stake in the bank for two quarters in a row. Maybe that portends Buffett's eventual abandonment of his once beloved investment.

Source: Fool.com