3 Top Bank Stocks to Buy in May
The banking sector has struggled this year, largely due to the banking crisis in March, which led to the collapse of several U.S. banks and triggered a wide sell-off across the sector.
Banks will likely continue to face funding and earnings pressure throughout the year and are also likely to face stricter regulatory requirements going forward. But after the broad sell-off, a lot of bank stocks trade at really attractive valuations that I expect to materialize into much higher stock prices in the long term. Here are three bank stocks to buy in May.
Large bank Wells Fargo (NYSE: WFC) is actually only down about 5% this year, which is pretty good all things considered, and it's performing better than many other bank stocks. But that's because I believe the shares already traded at a relatively cheap valuation heading into this year.
Source Fool.com
