SI - 3 Top Bank Stocks You Can Buy Today
Banks aren't necessarily the most exciting companies to invest in (and that's partly by design). But they can be pretty good investments for times like those we are in now.
Analysts at Bank of America and Goldman Sachs are projecting as many as seven interest rate increases this year as the Federal Reserve does its part to combat rising inflation. Rising interest rates generally bode well for banks . That's because banks make money from the interest rate spread, or the difference between interest earned and interest paid out.
In this economic environment, some stellar banks with a niche focus can make great investments. Three banks that are laser-focused on their niche that would also benefit from rising interest rates are SVB Financial Group (NASDAQ: SIVB) , Silvergate Capital (NYSE: SI) , and Live Oak Bancshares (NASDAQ: LOB) . Let's find out a bit more about these three top bank stocks.
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3 Top Bank Stocks You Can Buy Today