The 3 Best Buffett Bank Stock Picks
American Express(AXP) InvestorPlace·2024-02-27 16:57
Warren Buffett continues to like bank stocks. Some of the biggest positions in the Berkshire Hathaway (NYSE:BRK-A/NYSE:BRK-B) portfolio are in banks and financial institutions. For years, Buffett has favored the cash generated by lenders. He also likes the earned interest on loans and their comparative immunity to economic cycles. While he has sold some bank stocks over the years, he’s stood by his largest positions in lenders. Additionally, he maintained many positions throughout varied economic times, inc ...