I find it extremely interesting that at a time when the markets are sideways, and interest rates are falling, Warren Buffett is buying banks…
Berkshire Hathaway is now among the five largest shareholders at firms like Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Goldman Sachs Inc. (NYSE: GS). Even credit card giant American Express Co. (NYSE: AXP) is a significant Buffett holding.
Right now, a lot of people are avoiding banks because of falling rates. But when you understand the broader trends, banking stocks are attractive, cheap, and have massive upside.
There are other major trends in the banking industry that you should know about.
I'll discuss those major trends and tap into the best bank stock to buy according to the Money Morning Stock VQScore™.