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Berkshire Hathaway to Net $1.7B in Dividends After Bank Stress Tests: Report

Daniel Liberto

Warren Buffett’s Berkshire Hathaway Inc. ( BRK.A) has emerged as a major beneficiary of the Federal Reserve’s decision to let banks distribute their highest capital payouts to shareholders since the financial crisis. The Financial Times, drawing upon figures from Jefferies and Bernstein, calculated that Berkshire is set to net about $1.7 billion in dividends after several banks that it owns stakes in sailed through the Fed’s annual stress tests. Buffett’s investment vehicle is expected to net about $800 million in dividends from Wells Fargo Corp. ( WFC) alone.