Should You Buy 2022's Top-Performing Bank Stock?
It has generally been a decent year for banks, even if their stock prices may not show it. The market has not recognized the fact that banks have, for the most part, been able to generate solid revenue and earnings gains, buoyed by rising interest rates and robust loan activity.
But there is a fairly sharp line drawn between the bigger banks and the regional banks. The larger banks struggled more, as other parts of their business, like investment banking and asset management, have not fared as well as consumer banking. The regional banks have typically outperformed, as they are more reliant on the bread-and-butter of consumer banking.
So when we look at the top-performing bank stocks of 2022, it should come as no surprise that the best performer among large-cap banks in the S&P 500 is a regional bank -- Regions Financial (NYSE: RF).
Source Fool.com
