Warren Buffett
Bank stocks fare better when the economy is growing strongly, companies and individuals are taking out more loans, and interest rates are high.
Posted on 2019-08-19 18:01:00 [ Show older headlines ]

Berkshire Hathaway has been expanding its position in banks over the past year. It is now among the five biggest shareholders in Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs, U.S. Bancorp and Bank of New York. Its latest disclosure of its holdings showed that the firm had added to its positions in some of those companies in the Q2 of 2019.