Of his 49 current holdings, roughly one-third are in the financial sector. Within the financial sector, Buffett favors banks, which represent roughly 15% of the overall portfolio. Banks typically perform well in a rising interest rate environment because they earn a large portion of their revenue from interest on loans.
MINNEAPOLIS, June 24, 2022--U.S. Bancorp Announces Second Quarter Earnings Conference Call Details
These phenomenal stocks are begging to be bought following a bear market decline in the Nasdaq and S&P 500.