Warren Buffett is among the most popular investors in the world. Also called the Oracle of Omaha, Buffett - the chairman of Berkshire Hathaway (BRK.B) - is best known as a value investor. In the simplest terms, this means he hunts for fundamentally strong stocks trading well below their intrinsic value to benefit from outsized gains when the market sentiment improves.
The ongoing volatility in the equity markets amid a challenging macro backdrop has driven valuations of stocks across sectors significantly lower in recent months, making them attractive to value investors. And when it comes to bank stocks in particular, investors have been pricing in concerns over the Fed's steep interest rate hikes, which could negatively impact demand for loans across verticals.
