JPM - 5 Bank Stocks That Were Rock Stars Before the Coronavirus
While the impact of the coronavirus has roiled markets, many experts believe the economy and stock market will bounce back once this public health crisis is resolved. Former Federal Reserve Chairman Ben Bernanke recently said he could see a "very sharp, short" recession followed by a "fairly quick rebound." One top strategist expects markets to rebound by 40% and possibly even reach record levels by the beginning of next year.
For those of you interested in bank stocks, a sector that's been hit particularly hard in recent weeks, I've compiled a list of five that were absolute rock stars before the market took a turn for the worse. I'm sure I missed a few, but these stocks have stood the test of time, showing incredible price appreciation between January 2010 and the last day of trading in 2019. Like the rest of the market, they have seen a steep decline in their stock prices recently, making it an opportune time to buy and hopefully reap significant future gains.
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