Bank stocks surged broadly on Trump's win, with investors anticipating deregulation and pent-up M&A demand to be unlocked.

Bank of America’s (BAC) stock has ripped higher to the tune of 10% in the days following the presidential win for Donald Trump. The company’s CEO Brian Moynihan told Yahoo Finance Brian Sozzi at the Invest conference the rally reflects hopes for looser bank regulations.

Though the Oracle of Omaha has slashed Berkshire Hathaway's stake in one of America's biggest banks, he's bought shares of another time-tested financial stock in all but one of the last 25 quarters.

Key Takeaways Warren Buffett's Berkshire Hathaway continues to be a net seller of stocks, having offloaded a quarter of its stake in Apple in recent months, regulatory filings revealed Thursday.The holding company added to its cash pile for a ninth consecutive quarter,

Warren Buffett’s Berkshire Hathaway (BRK.A) acquired a stake in Domino’s Pizza in the third quarter, even after dumping millions of dollars worth of Apple (AAPL) and Bank of America (BAC) to grow its cash pile.

Buffett was perhaps prescient, as the 1970s then proved to be one of the worst decades ever in the stock market. Returns were essentially flat for the decade, even as earnings grew, as the price-to-earnings ratio of the market went from about 20 times earnings to just 7 times earnings. Yikes!