6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares

Core Viewpoint - The financial sector has shown strong performance in the first quarter, with major banks and money management firms reporting excellent results, indicating potential for recovery and investment opportunities in a sector that has faced challenges over the past year [1][2]. Group 1: Financial Sector Performance - The first quarter earnings season was largely positive for the financial sector, with leading banks and money management firms posting stellar results [1]. - The top financial stocks have a history of paying reliable dividends, making them attractive in an overbought stock market [1]. Group 2: Notable Financial Stocks - Six large-cap stocks identified as dependable dividend payers have the endorsement of major Wall Street firms, with Warren Buffett holding significant shares in four of them [2]. - Ally Financial offers a 3.34% dividend and operates primarily in automotive finance, insurance, mortgage finance, and corporate finance [3]. - Bank of America has a solid 2.77% dividend and is well-positioned for loan growth due to its scale and market presence [5]. - Capital One Financial, with a 3.3% dividend, provides a range of financial products and services across various segments [7]. - Citigroup, which pays a 3.55% dividend, operates globally and offers a wide range of financial services, trading at a reasonable valuation [8]. - JPMorgan Chase, with $2.6 trillion in assets, has shown strong first-quarter results and is well-regarded for its diverse range of services [10]. - Wells Fargo, offering a 2.48% dividend, provides a comprehensive suite of banking and financial services and posted strong earnings [12].