3 Top Bank Stocks to Buy Right Now
We're now well into second-quarter earnings season, and most big U.S. banks have reported their results. Since we have the latest numbers, it seems like a good time to ask some of our financial sector contributors what they have their eyes on. Here's why they are watching Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS), and Wells Fargo (NYSE: WFC).
Matt Frankel, CFP (Bank of America): On the surface, Bank of America's second-quarter earnings might not look too great. The bank narrowly beat earnings expectations and matched on revenue, while some of its peers handily beat experts' projections on both the top and bottom lines. Plus, Bank of America's net interest margin fell significantly further than investors had hoped for.
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