The Best Bank Stock to Buy Right Now
U.S. Bancorp is typically one of the more expensive bank stocks in the market, trading for a higher price-to-book multiple than any of the other large U.S. banks for most of the past several years. Then the COVID-19 pandemic hit, and not only has the financial sector been one of the worst-performing parts of the stock market, but U.S. Bancorp in particular has been a major laggard. In 2020, the overall financial sector has declined by about 21%, but U.S. Bancorp is 41% lower than where it started the year. That's a big performance gap.
Here's why U.S. Bancorp has been such a poor performer, why it's historically been so expensive, and why patient long-term investors should seriously consider adding it to their portfolio at the current depressed price.
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Source Fool.com
