Would Buffett's Mentor Buy Bank Stocks Today?

Stock quotes in this article: C , LEH , WM , WB , VLY , WFC , BAC  

Updated from 6:59 a.m. EDT

By Stockpickr Guest Columnist Geoff Gannon

While it seems that every investor's focus these days has to include the banks, whether it's Citigroup(C Quote), Lehman(LEH Quote), Washington Mutual(WM Quote), Bank of America(BAC Quote) or Wachovia(WB Quote), the one question we should all ask is:

What would legendary investor and Warren Buffett mentor Benjamin Graham do if presented with the current situation in the banking stocks?

Value investing blogger Geoff Gannon of Gannon on Investing has his own take on this, which every investor should read.

To read more and find out what Gannon thinks Graham would do, please click here.

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This article was written by a member of the Stockpickr community. Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.

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