16.05.2023 13:41
Insider time: 5 bank stocks to buy now
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Insider time: 5 bank stocks to buy now In the first quarter, the profit of the US banking sector reached a historic high almost $80 billion; profit grew by 33% compared to the same period last year. We offer several diversified stocks that are worth investing in and not being afraid of force majeure.So JPMorgan Chase & Co. (NYSE: JPM)More than 100 hedge funds are long in the US's largest bank, which posted a strong performance last year and a very optimistic Q1 2023 preliminary report.The first target is $156.50; max until the end of the year $180. Bank of America Corporation (NYSE: BAC)The financial holding confirms the status of the most diversified company in the banking sector, with almost optimal management.The first target is $34.62; max until the end of the year $47. Wells Fargo & Company (NYSE: WFC)The diversified banking company serves almost 30% of all US households. The report for the last year is the most positive for the last 5 years, the outflow of deposits is the lowest in the industry.The first target is $48.80; max until the end of the year $65. Citigroup Inc. (NYSE: C)A diversified financial company has a stable outperforming rating, but its asset composition is too sensitive to crisis situations in the industry.The first target is $57.50; max until the end of the year $85. East West Bancorp, Inc. (NASDAQ: EWBC)The banking holding occupies a niche of specific financial bridge services for clients doing business in the US and China. The stock rating is defined as strong above the market, but the real rate is too dependent on the US-China global policy.The first target is $68; max until the end of the year $81.The topic of the banking crisis remains relevant, so we follow the news and do not risk it in vain.Profits to yall!#ForexChief #JPMorgan #Citigroup #market #forexnews #stocks #worldnews #BankofAmerica #StockMarket
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