Which of Buffett's Bank Stocks Might Make You the Most Money?

MarketWatch2022-05-18

Berkshire Hathaway started buying shares of Citigroup during the first quarter, while dumping Wells FargoBerkshire Hathaway CEO Warren Buffett. APThis is the time of the quarter when investors get to...

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Comments

RedPandahj
2022-05-22
RedPandahj
👍
Looyusooi
2022-05-19
Looyusooi
Ok
Mtan23
2022-05-18
Mtan23
Good to know
Mtan23
2022-05-18
Mtan23
Good to know
wallence82
2022-05-18
wallence82
Hmm. Legend
LuckyPiggie
2022-05-18
LuckyPiggie
Whilst i think Citi is a soild bank ... but it's business operations are not so good. For long term ... maybe

Leave a comment

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APThis is the time of the quarter when investors get to...</p>\n\n<a href=\"https://www.marketwatch.com/story/which-of-buffetts-bank-stocks-might-make-you-the-most-money-11652809170?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Which of Buffett's Bank Stocks Might Make You the Most Money?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhich of Buffett's Bank Stocks Might Make You the Most Money?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-18 10:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/which-of-buffetts-bank-stocks-might-make-you-the-most-money-11652809170?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway started buying shares of Citigroup during the first quarter, while dumping Wells FargoBerkshire Hathaway CEO Warren Buffett.  APThis is the time of the quarter when investors get to...</p>\n\n<a href=\"https://www.marketwatch.com/story/which-of-buffetts-bank-stocks-might-make-you-the-most-money-11652809170?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BAC","symbol_name":"美国银行","start_time":0,"source_url":"https://www.marketwatch.com/story/which-of-buffetts-bank-stocks-might-make-you-the-most-money-11652809170?mod=home-page","article_id":"2236227037","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2236227037","pubTimestamp":1652841195,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Berkshire Hathaway started buying shares of Citigroup during the first quarter, while dumping Wells ","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BAC":"美国银行","BK":"纽约梅隆银行","BRK.B":"伯克希尔B","WFC":"富国银行","BRK.A":"伯克希尔","C":"花旗","AXP":"美国运通","ALLY":"Ally Financial Inc.","USB":"美国合众银行"},"translate_title":"巴菲特的哪只银行股可能让你赚得最多？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALLY":1,"AXP":1,"BK":1,"C":1,"BAC":0.9,"BRK.A":0.9,"BRK.B":0.9,"USB":0.9,"WFC":0.9},"content_text":"Berkshire Hathaway started buying shares of Citigroup during the first quarter, while dumping Wells FargoBerkshire Hathaway CEO Warren Buffett.  APThis is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate's stock portfolio.The big splash in Berkshire Hathaway Inc.'s (BRKA)13F filing with the Securities and Exchange Commission for the end of the first quarter is that Buffett decided he had held shares of Wells Fargo & Co. (WFC) long enough and that it was time to begin buying Citigroup Inc (C).So this is a ripe moment to look at all the bank stocks held within Berkshire's stock portfolio. Investment managers of a certain size must publish their holdings of publicly traded stocks as of the last day of the quarter within 45 days. The deadline was Monday.First, here are Berkshire's bank stocks as of March 31, sorted by the market value of Berkshire's stakes, in dollars:Berkshire Hathaway is the top shareholder of Bank of America Corp (BAC), American Express Co. (AXP), U.S. Bancorp (USB) and Bank of New York Mellon Corp. (BK).Here are valuations, dividend yields and returns on average tangible common equity (ROE) and average assets (ROA) for the group's most recently reported quarters. Wells Fargo was added to the bottom of the list of banks, as Berkshire unloaded the entire stake, followed by aggregate numbers calculated by FactSet for the S&P 500 banking sector:ROE and ROA don't always make for uniform comparisons. American Express has the highest for both measures on this list because its core revenues are fee income from transaction processing and card memberships, rather than interest income on loans.Bank of New York Mellon's ROE is high, while its ROA is low, because it also focuses on fee income -- from securities custody and asset management services.Ally Financial Inc. (ALLY) has the second-highest ROE and ROA, reflecting its focus on auto lending.Citigroup is by far the cheapest bank stock held by Berkshire on a price-to-book-value basis. Many investors distrust the company for two reasons: It has been reorganizing itself for decades, following a series of large acquisitions that ended in 2001. And the extraordinary government bailout of the bank during the 2008-2009 credit crisis diluted its common equity so much that the  stock was down 89% for 15 years through May 13, 2022, with dividends reinvested.Buffett seems to have faith in Citigroup. So does Odeon Capital Group analyst Dick Bove, who rates Citi a \"buy\" with a target price of $57.35, which would be a 21% gain from the stock's closing price of $47.46 on May 16. This is because Citi is now \"one of the strongest companies in the nation,\" Bove wrote in a note to clients on May 7.Citi's \"cash equals $272 billion or 2.7x its market capitalization and 1.5x its commonequity,\" Bove wrote.Based on the updated market cap for Citi on the first table, above, its cash is now worth 2.6 times its common equity. Bove added that with loans making up only 28% of assets and 50% of deposits, and with most of its securities investments having \"some type of government guarantee,\" it was \"not unfair to argue that this is a fortress balance sheet.\"So Bove's thesis for Citi isn't that it will be such a strong performer over the short term, especially if the U.S. is heading into a recession, as Bove expects. This is a long-term play for him, and probably for Berkshire Hathaway as well.\"[I]nvestors are completely misreading this company's risk. It is cash- and securities-rich. The stock simply does not reflect this,\" Bove wrote.Here's a summary of opinion of the six banks held by Berkshire at the end of the first quarter, plus Wells Fargo, among analysts polled by FactSet:Ally Financial is the favorite of these seven bank stocks among analysts working for brokerage firms.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9028383572,"gmtCreate":1653175933996,"gmtModify":1676535233171,"author":{"id":"3562279123855132","authorId":"3562279123855132","name":"RedPandahj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3562279123855132","idStr":"3562279123855132"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028383572","repostId":2236227037,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023831310,"gmtCreate":1652890390930,"gmtModify":1676535182625,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4100437715079400","idStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023831310","repostId":2236227037,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023330031,"gmtCreate":1652863071023,"gmtModify":1676535176655,"author":{"id":"3579572647008782","authorId":"3579572647008782","name":"Mtan23","avatar":"https://static.tigerbbs.com/21a2ddfc414d0d3eab50e895e776bf23","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3579572647008782","idStr":"3579572647008782"},"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023330031","repostId":2236227037,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023397755,"gmtCreate":1652863049277,"gmtModify":1676535176654,"author":{"id":"3579572647008782","authorId":"3579572647008782","name":"Mtan23","avatar":"https://static.tigerbbs.com/21a2ddfc414d0d3eab50e895e776bf23","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3579572647008782","idStr":"3579572647008782"},"htmlText":"Good to know&nbsp;","listText":"Good to know&nbsp;","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023397755","repostId":2236227037,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023399355,"gmtCreate":1652861275977,"gmtModify":1676535176470,"author":{"id":"3564307944903490","authorId":"3564307944903490","name":"wallence82","avatar":"https://static.tigerbbs.com/dea005ab03386f13fa25c505b9a3221a","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3564307944903490","idStr":"3564307944903490"},"htmlText":"Hmm. Legend","listText":"Hmm. Legend","text":"Hmm. Legend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023399355","repostId":2236227037,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023981846,"gmtCreate":1652848104585,"gmtModify":1676535174668,"author":{"id":"4107063207857540","authorId":"4107063207857540","name":"LuckyPiggie","avatar":"https://community-static.tradeup.com/news/33330ac1fe6d6c956e10045c870d6f46","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"4107063207857540","idStr":"4107063207857540"},"htmlText":"Whilst i think Citi is a soild bank ... but it's business operations are not so good. For long term ... maybe&nbsp;","listText":"Whilst i think Citi is a soild bank ... but it's business operations are not so good. For long term ... maybe&nbsp;","text":"Whilst i think Citi is a soild bank ... but it's business operations are not so good. For long term ... maybe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023981846","repostId":2236227037,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":102,"commentSize":12,"repostSize":0,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2236227037"}