Now that the market has calmed down a bit following the pummeling of financial stocks in the wake of the failures of Silicon Valley Bank and Signature Bank of New York, it might help to focus on consistent quality.
Below is a list of U.S. banks and bank holding companies that have had the highest average returns on assets over the past 15 full years. This might be of use to investors looking for bargains, following a 25% decline for the KBW Nasdaq Bank Index BKX for one week through Monday. At the same time, the financial sector of the S&P 500 SPX fell 12%.
What’s a bank? Sometimes the waters can be a bit muddy, as some people might think that a bank that provides brokerage and investment-banking service isn’t a “real” bank. The same might be said for a credit-card lender.