These Were the 3 Top-Performing Large U.S. Bank Stocks in 2022
The banking sector struggled in 2022, as investment banking revenue fell significantly, and investors repositioned their portfolios to prepare for what could be a difficult year and lower earnings in 2023. Investors are concerned about fast-rising deposit costs, narrowing margins, and the normalization of credit.
Large bank stocks got hit hard, with the KBW Nasdaq Bank Index down close to 26% this year, underperforming the broader market. Still, a few large bank stocks fell only slightly and widely outperformed the broader market. Here are three of the top-performing large U.S. bank stocks in 2022.
The diversified financial services company Charles Schwab (NYSE: SCHW) has really been an industry darling since the pandemic started, with its stock up close to 75% in those few years. Schwab completed a big acquisition of TD Ameritrade in late 2020 to add significant scale to its investor services division.
Source Fool.com
