Warren E. Buffett, the nation's most famous investor, anticipates more financial services mergers but is wary of the notion that bigness alone is a virtue.

He was notably mum on takeover rumors swirling around Wells Fargo & Co., the San Francisco banking company of which he is the top shareholder. On the other hand, he said he saw no compelling reason for a merger involving American Express Co., where he also has a major stake.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.