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The Wall Street Journal: Warren Buffett is a big fan of bank stocks — to the tune of $100 billion

Warren Buffett’s Berkshire Hathaway Inc. holds nearly $100 billion in financial-services stocks, underscoring the size of the billionaire investor’s ongoing bet on the future of the U.S. economy.

Berkshire’s position has built up over years and includes banks, payment companies, insurers and a ratings firm. Taken together, these holdings represent about one-fifth of Berkshire’s $481 billion market capitalization. By comparison, at the end of 2010, investments in these kinds of companies accounted for 12% of Berkshire’s market capitalization.

Banks are often viewed as a proxy for the wider economy. Berkshire BRK.B, -1.49% also benefits from banks’ rising dividends, adding to the cash that Buffett can spend on new deals and investments.

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