Your Complete Guide to Investing in Bank Stocks
It’s no wonder Warren Buffett loves bank stocks. The legendary billionaire investor has more than $72 billion of the $280 billion Berkshire Hathaway (NYSE:BRK.A) (BRK.B 0.63%) stock portfolio invested in this one industry.
The reason is simple: Bank stocks possess many of the Buffett must-haves. First, banks serve an important societal need that will never go away. Second, banking business models are relatively simple to understand. Third, despite the health of many banks improving dramatically since the 2008 financial crisis, some bank stocks are trading at a bargain — a key indicator that now is the best time to invest.
Let’s examine the basics of bank…
