July 14, 2012
The following video is part of our nationally syndicated Motley Fool Money radio show, with host Chris Hill talking with Ron Gross, James Early, and Joe Magyer. The first Wall Street banks to report earnings this quarter were JPMorgan Chase and Wells Fargo. In this segment, the guys analyze whether the recent story of JPMorgan Chase's big trading loss is truly over and what investors should keep in mind regarding the size of the loss. While Warren Buffett has said Wells Fargo is his favorite bank, the guys share why Markel, Bank of Nova Scotia, and Goldman Sachs are the financial stocks they believe have room to run.
Wondering why Warren Buffett is investing in the banking industry? The Motley Fool has a new free report, "The Stocks Only the Smartest Investors Are Buying" that explains why Buffett and others are looking to the banking industry for their next investments. You can access this just-released report by clicking here -- it's free.