The Top-Performing Bank Stocks in 2020 All Have This 1 Trait in Common
The banking sector had a tough year in 2020, as challenges from the coronavirus pandemic proved formidable. But there were banks that were able to overcome the challenges from higher credit costs and the ultra-low-rate environment to generate stellar returns for shareholders.
And the main thing the majority of these banks have in common is that they serve a niche segment of the market or offer niche lending products. Let's take a closer look at a few of them.
I recently wrote about some of the top-performing banks of the year in terms of stock price appreciation, and it quickly became clear that almost all of these banks cater to niche customers. This helped them steer clear of some of the main problems that most standard commercial banks ran into this year.
Source Fool.com
