|Day's range||16.25 - 16.25|
The Oracle of Omaha's formula for seeking out major equity holdings was revealed nearly a half-century ago.
In addition to the thumping that fintech stocks took starting in late 2021 and throughout 2022, the recent banking turmoil might cause investors to completely ignore any businesses with ties to the financial services industry. With that being said, a leading financial stock to consider buying right now is American Express (NYSE: AXP). American Express' card loan net write-off rate was 1.1%, up from 0.6% in Q4 2021.
Although we can't know for certain when a bull market will come, we can know with certainty that it will come at some point. Historically, a bull market always follows a bear market, even the worst market plunges.