SIVB - 3 Top Bank Stocks to Buy Right Now
The year 2019 was a wild one for banks. The threat of recession doesn't bode well for any stock's value, but banks are especially at risk, as they are particularly reliant on the health of economic activity to make money. An inverted yield curve last year didn't help either, as the spread between short-term and long-term borrowing rates is a key way banks generate revenue.
The situation has since improved considerably, though, and it seems the possibility of economic contraction in the next year is less than it was last autumn. Given that, three bank stocks look like good buys during the first quarter of 2020: SVB Financial (NASDAQ: SIVB), Western Alliance Bancorp (NYSE: WAL), and Axos Financial (NYSE: AX).