C - 2 Bank Stocks to Buy With $1000 and Hold Forever
2024-05-16 05:30:00 ET
Warren Buffett is a big fan of bank stocks. His holding company, Berkshire Hathaway , has several major investments that are directly exposed to the financial sector.
Two of Buffett's positions are particularly attractive right now. One bank is a deep value play, while the other offers compelling long-term growth potential.
Bank stocks can see their valuations fluctuate wildly during various economic ups and downs. Citigroup (NYSE: C) , for instance, has seen its price-to-tangible book value -- a metric that gauges how much the market is willing to pay for a company's net real assets -- range from 0.5 to 6.5 over the decades.
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2 Bank Stocks to Buy With $1,000 and Hold Forever