Better Warren Buffett Stock: Ally Financial vs. Bank of America

After the banking turmoil of early 2023 that saw several institutions fail, Warren Buffett pared down the bank stocks in Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) portfolio. However, two stocks that are still on the list are Bank of America (NYSE: BAC) and Ally Financial (NYSE: ALLY).Both are substantial investments in Berkshire's portfolio. The Bank of America investment is one of the largest, with a $34 billion market value representing a 9.99% stake in the megabank. Ally is a smaller bank, but Berkshire owns 9.5% of it, an investment worth just over $1 billion.It's fair to say that Warren Buffett and his team are still quite confident in these two financial institutions, but which is best for your portfolio?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool