MS - 5 of the Top-Performing Bank Stocks in 2020
There hasn't been a lot of boasting in the banking industry this year, with most banks bracing for heavy loan losses and lower revenues as a result of the low-rate environment. The sector has lost a lot of ground with most bank indexes falling more than 30% since the beginning of the year.
Still, some banks have managed to shake off the uncertainty brought on by the coronavirus pandemic and keep their stock price close to where it started in 2020, or even above -- a very impressive accomplishment, given the state of things. Here are five top performing bank stocks since the start of the year based on stock price performance.
Image source: Morgan Stanley.