Some bank stocks remain "safe havens" for investors even after the Silicon Valley Bank collapse , according to Keefe, Bruyette & Woods. The firm recommended 11 stocks that investors should buy "right here, right now" following the sell-off in bank stocks in the wake of SVB's failure, as well as the regulatory response over the weekend, according to a Sunday note.
Bancorp one of its best ideas for 2023, saying the firm has "one of the strongest return profiles" in the industry, according to KBW analyst David Konrad. Shares tumbled nearly 8% Monday afternoon as many banking names suffered. "Asset quality for USB has historically outperformed peers, and USB's ROA did not dip below 75bps during the Great Financial Crisis. With the stock trading at 7.
The question to ask is how much money is at the fdic insurance fund, and how much more is needed, meaning printed by the Fed? Thus inflationary.
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Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »