3 Top Bank Stocks to Buy in December

3 Top Bank Stocks to Buy in December

Bank stocks have been on a tear this month because of potential earnings tailwinds tied to deregulation, tax reform, and rising interest rates. Despite the recent run-up, there's likely still more running room ahead for the industry, so if you're hunting for bank stocks to add to your portfolio, it could be a good time to consider buying First Hawaiian (NASDAQ: FHB), M&T Bank (NYSE: MTB), and Synchrony Financial (NYSE: SYF). 

Jordan Wathen (First Hawaiian Inc.): This bank benefits from a near-duopoly in the remote U.S. state of Hawaii. First Hawaiian controls about 37% of all deposits there. Its peer, Bank of Hawaii , comes in second place with 31% of the state's deposits. Only two other banks top 10% market share. 

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Source: Fool.com