Published on 8 May 2022 on InvestorPlace via Yahoo Finance
Bank stocks are oversold and could be beneficiaries of interest rate hikes. There are a few “best-in-class” bank stocks out there that are set to surge.Goldman Sachs (GS) – Diversified offerings smooths Goldman’s top line. Additionally, GS stock is trading at a normalized discount after beating earnings.Citigroup (C) – Restructuring dented Citi stock’s progress. However, its services segment is picking up, and the stock’s a deep value play.JPMorgan Chase & Co. (JPM) – Elevated operating costs are a transitory issue. The stock’s recent drawdown exceeds quantitative reality, making it a lucrative “buy the dip” opportunity.
bank customer sliding money to teller at bank desk
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