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3 Stocks to Buy Today as Investment Banking Rebounds

TheMotleyFool

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After a two-year slump, investment banking looks like it's entering the early stages of a recovery. Investment banks reported earnings growth of double-digit percentages in the first quarter, driven by strong initial public offering (IPO) markets and a pick-up in debt underwriting. Here are three stocks to buy today to capitalize on this recovery.

Goldman Sachs (NYSE: GS) is the closest thing to a pure-play investment bank that you can invest in. It wasn't entirely by choice. The bank made a push into consumer banking in 2016 and aimed to take in deposits and build a more resilient earnings stream across cycles.

That push didn't fare well, and it began winding down its consumer business last year.

Source Fool.com

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