Our top U.S. bank stock picks

With the recent drop in many bank stocks, we are now more positive on the sector and like Wells Fargo and Capital One.

Eric Compton 26 October, 2018 | 5:00PM

 

 

Eric Compton: Despite all the positivity on the street about bank stocks, we were negative on bank valuations at the beginning of the year, with many of the names under our coverage trading above our fair value estimates. With total returns flat to down so far this year for the industry, we believe our thesis has proven correct. With the recent drop in many bank stocks, we are now more positive on the sector and believe investors can expect acceptable returns at these levels.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Capital One Financial Corp69.23 USD-3.38
Wells Fargo & Co23.66 USD-1.58

About Author

Eric Compton

Eric Compton  Eric Compton is an equity analyst for Morningstar,

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies