The following video is part of this week's MarketFoolery podcast, in which host Chris Hill, along with Jason Moser and Jeff Fischer, discuss the latest business news. In this segment Jason weighs the pros and cons of investing in Wells Fargo. In analyzing the competitive landscape of other financial stocks, the fact that Wells Fargo is one of Warren Buffett's core holdings at Berkshire Hathaway serves as a big plus.
Why is Buffett interested in the banking industry? The Motley Fool has a brand-new report, "The Stocks Only the Smartest Investors Are Buying," that explains why he 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.