KBW gives a slew of safe-haven bank stocks to buy after SVB collapse

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

There are several names that investors should buy 'right here, right now' following the sell-off in bank stocks.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SVB collapse means more stock-market volatility: What investors need to knowHow regulators respond to the 2nd largest bank collapse in U.S. history holds key to market reaction after investors opted to 'sell first, ask questions later.' Wait til the dust settles and pick up some good banks! :)) Volatility you say HUMMM☢️↘️↘️↘️↘️⬇️⬇️⬇️☢️
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures unsteady as stock-market investors watch efforts to avert SVB-inspired bank crisisU.S. equity markets traded unevenly Sunday afternoon, in the aftermath of the failure of Silicon Valley Bank on Friday, which has cast a pall over the...
Source: MarketWatch - 🏆 3. / 97 Read more »