The banking sector in the United States appears to be on the rise after a rocky 2020. Businesses have begun to recover as a result of the increase in vaccination rates. The consumer and banking sectors are also benefiting from digital platforms and cashless services. Bank stocks are on the verge of having their best year ever. As a result, many investors have chosen to profit from the economic rebound. JPMorgan Chase & Co. and Bank of America Corporation are two of the top bank stocks to watch in this regard.
Insider Monkey analyzes the list of the 15 best bank stocks to buy now. KeyBank National Association’s parent company, KeyCorp, functions as a holding company. The Ohio-based company is ranked fifteenth on the list of the 15 best bank stocks to purchase right now. KeyCorp’s price objective has been lifted by Jefferies to $27 from $25. Fifth Third Bancorp announced $0.98 EPS and $1.95 billion in sales for the second quarter of 2021. The company is ranked fourteenth. U.S Bancorp is a Minnesota-based bank holding business. Lending and depository services are among the financial services provided by the organization. USB earned $1.28 per share in the second quarter of 2021, exceeding market expectations by $0.15. Signature Bank is a full-service commercial bank that caters to small and medium-sized businesses. The firm focuses on equipment financing and leasing. Signature Bank is the eleventh best bank stock to purchase right now, with a market value of $18.13 billion. M&T Bank Corporation is a New York-based bank holding company. The corporation provides commercial banking and investment management through its 780 offices across the United States. The company is ranked eleventh on the list of the 15 best bank stocks to purchase right now. For more details, click 15 Best Bank Stocks To Buy Now.
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