CUBI - 3 Bank Stocks to Buy in 2022
Bank stocks are expected to outperform in 2022, largely because the Federal Reserve is projected to raise interest rates this year, which benefits most banks. The economy is also expected to continue to normalize, and banks will hopefully see loan growth tick up.
All of this should help restore banks' net interest margin, which essentially shows the difference between what a bank makes on interest-earning assets like loans and securities, and pays out on interest-bearing liabilities like deposits. Three bank stocks that I would recommend buying this year are Customers Bancorp (NYSE: CUBI) , Triumph Bancorp (NASDAQ: TBK) , and SVB Financial Group (NASDAQ: SIVB) , the parent of Silicon Valley Bank. Here's why.
Customers Bancorp stock had a terrific year in 2021, rising more than 200%, but I think there could be a lot more to come in 2022. The bank has very good technology and really excels in two major areas.
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3 Bank Stocks to Buy in 2022