3 Top Bank Stocks to Buy in June
It's been quite a few months for the banking sector. Three large banks were seized by regulators, and now investors are looking at the industry under a completely different framework.
However, most banks still have ample levels of liquidity and capital, and with so much fear surrounding the sector, many bank stocks have been painted with a broad brush and sold off. While these kinds of environments are difficult, they also create some real opportunities. Here are three top bank stocks to buy in June.
Looking for a port in a storm? Then look no further than JPMorgan Chase (NYSE: JPM), the largest bank by assets in the U.S. The bank and its fortress balance sheet can operate in just about any environment, which makes it a rarity in a cyclical sector. JPMorgan's stock is up about 5% this year, which compares favorably to most bank stocks and indexes.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
On the other hand, the target price of 203 € is below the current price of 203.4 € for JPMorgan Chase & Co., so the potential is actually -0.2%.
