Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett sees excessive risk taking at banks as the root of the 2023 banking turmoil. He called for more conservative banking practices and better communication from regulators at Berkshire’s 2023 annual shareholders’ meeting. “The situation in banking is what it always was,” Buffett said. “Fear is contagious. Sometimes the fear is justified, sometimes it isn’t.” Buffett recalled that his father, Howard Buffett, lost his job during a bank...

Financial-software provider Jack Henry & Associates, at its cheapest valuation in years, can keep prospering even if banks continue to stumble. In any short-term market turbulence or panic, babies are inevitably thrown out with the bathwater—companies whose stocks are dragged down by association with more-troubled businesses. March’s is one such episode of investors throwing out the bathwater: The S&P 500 financials sector has lost 13% of its value since mid-February, led by a 28% decline for...