Coronavirus selloff: 2020 bank stocks to buy
- Posted on April 16, 2020
- Editors Pick
- By admin
The coronavirus pandemic has caused a lot of financial sector stocks to sell off aggressively. Many of these stocks are now selling below the 52 weeks low and they may sell for a lot higher in the coming years. Some of these stocks are very popular while some are not as popular, but they all have one thing in common, their stock prices are lower than they have ever been in a long time.
2020 Bank Stocks that are cheap
| Bank | Price After Covid-19 selloff | price before Covid - 19 |
| Cadence Bank (CADE) | $4.98 | $17 |
| Regions Bank (RF) | $8.90 | $16.13 |
| Wells Fargo (WFC) | $26.70 | $54 |
| Bank 0f America (BAC) | $21.16 | $35 |
| Goldman Sach (GS) | $174 | $250 |
- JP Morgan stock (JPM) is also in the same boat, from $141 52 weeks high to $87 dollars.
- The Bank of New York Mellon bank (BK) went from around $50 52 weeks high down to $35
Warren Buffet is one of the Bank of New York Mellon's biggest shareholder, Investingport reported that he sold his share down to below 10% percent ownership. Read about it here. Warren Buffet keeps selling his stocks.
These are a few of the bank stocks out there with a notable price drop. Although the Coronavirus pandemic is still here and the price may drop lower, these stocks may sell for higher prices soon.
Investingport will continue to monitor stocks that can provide great value for our readers and we will report them as soon as they become available. Visit us daily for more market insights.
Disclaimer Investingport staff owns WFC and BAC.
Be the first to comment!
You must login to comment