C - 3 Bank Stocks to Buy Hand Over Fist in May
2024-05-08 04:42:00 ET
Last year, bank stocks were dragged down by some of the largest bank failures since the Great Recession . However, bank stocks have performed better over the past six months as the Federal Reserve pumped the brakes on its interest rate hiking campaign.
Despite the run-up, there are still appealing long-term investment opportunities in bank stocks that have ridden out challenges in the past few years. Here are three banks that can make solid additions to your portfolio today.
Citigroup (NYSE: C) is one of the United States' largest banks, holding nearly $1.7 trillion in assets. But despite its size and scale, it has failed to keep pace with its larger peers. Citigroup's sprawling global business has proven to be a headache, making it difficult to analyze and manage risks. As a result, the bank has underperformed its peers in profitability measures like return on equity ( ROE ).
For further details see:
3 Bank Stocks to Buy Hand Over Fist in May