Central Fidelity Banks Inc

Article Abstract:

Central Fidelity Banks Inc posted a significant 21.9% gain for the Sep 1992 quarter despite the weak Virginia economy. The gains were partly due to hefty securities profits. Standard and Poor's gave a Triple-B rating to the company's subordinated debts. The rating service also recognized the corporate competence of the firm. Moody's Investor Service was also optimistic about the stock. Central Fidelity has a $1.24 dividend on the 25 million shares.

Commercial Banks, Central Fidelity Banks Inc.

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Wells Fargo & Co

Article Abstract:

Billionaire Warren Buffet increased his holdings in Wells Fargo & Co (WFC) to 5.64 million shares (10.81%). Buffet bought 613,500 shares in Jul and Aug 1992 at $41.7 million. He holds a net worth of $387 million worth of shares. Retired publisher and philanthropist Walter Annenberg notified the Securities and Exchange Commission that he now holds 2.79 million shares of WFC after buying 288,500 shares in Jul and Aug 1992.

National commercial banks, Investments, Wells Fargo & Co., Buffett, Warren E., Annenberg, Walter H.

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