Why Warren Buffett Loves Bank Stocks

As of the latest available information, Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) stock portfolio contains 44 companies' common stocks and has a market value of roughly $178 billion. Of this, about $66.9 billion, or more than 37% of the portfolio, is made up of banking stocks, many of which we know were selected by CEO Warren Buffett himself. This begs the question -- why does Warren Buffett seem to love the banking business so much?

As of the latest available information, there are eight different bank stocks in Berkshire Hathaway's portfolio, with positions that range in size from $517 million to more than $25 billion.

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Source: Fool.com