3 Bank Stocks That Are Safe to Buy Right Now

Investors should be wary of the stock market right now, given the low volatility and high valuations. If you're thinking about buying bank stocks in this environment, it would be smart to stick with the best -- U.S. Bancorp (NYSE: USB), JPMorgan Chase (NYSE: JPM), and M&T Bank (NYSE: MTB).

If you read what the country's most revered investors and financiers have been saying this year, you can discern a general theme: They're worried about the market, especially the combination of low volatility and high asset valuations.

In terms of valuation, stocks have been higher only twice before, based on the Case Shiller cyclically adjusted price-to-earnings ratio. The first time was in 1929. The second was 1999. Neither ended well.

Source: Fool.com