5 Financial Services Stocks Gurus Are Banking On
In light of the Federal Reserve announcing the biggest interest rate hike in nearly three decades, five bank stocks with high guru buys as of the first-quarter 13F portfolio filing date are $Citigroup(C.US$, $JPMorgan(JPM.US$ , $Webster Financial(WBS.US$, $Bank of America(BAC.US$ and $Wells Fargo & Co(WFC.US$
Citigroup
Twenty-seven gurus own shares of Citigroup with a combined weight of 44.16%. Sixteen gurus purchased shares during the first quarter. Warren Buffett’s $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ invested in 55,155,797 shares of Citigroup, giving the position 0.81% weight in its equity portfolio.
Twenty-seven gurus own shares of Citigroup with a combined weight of 44.16%. Sixteen gurus purchased shares during the first quarter. Warren Buffett’s $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ invested in 55,155,797 shares of Citigroup, giving the position 0.81% weight in its equity portfolio.
JPMorgan Chase
Thirty gurus own shares of JPMorgan Chase with a combined weight of 31.13%. Fourteen gurus purchased shares during the first quarter. Gurus with holdings in JPMorgan Chase include PRIMECAP Management and Ken Fisher’s Fisher Investments.
Thirty gurus own shares of JPMorgan Chase with a combined weight of 31.13%. Fourteen gurus purchased shares during the first quarter. Gurus with holdings in JPMorgan Chase include PRIMECAP Management and Ken Fisher’s Fisher Investments.
Webster Financial
Fourteen gurus own shares of Webster Financial with a combined weight of 4.64%. Eleven gurus invested in shares during the first quarter.
Fourteen gurus own shares of Webster Financial with a combined weight of 4.64%. Eleven gurus invested in shares during the first quarter.
Bank of America
Thirty gurus own shares of Bank of America with a combined weight of 107.87%. Ten gurus bought shares during the first quarter.
Thirty gurus own shares of Bank of America with a combined weight of 107.87%. Ten gurus bought shares during the first quarter.
Wells Fargo
Thirty-six gurus own shares of Wells Fargo with a combined weight of 97.22%. Eight gurus purchased shares during the first quarter despite 22 gurus selling shares.
Thirty-six gurus own shares of Wells Fargo with a combined weight of 97.22%. Eight gurus purchased shares during the first quarter despite 22 gurus selling shares.
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