3 Top Bank Stocks to Buy Right Now
The Federal Reserve cut interest rates this month for the second time in 2019. And there could be more to come, especially amid concerns about an ongoing trade war with China and the possibility that the economy slows down. However, there are three quality bank stocks that still look to be good buys today, despite the potential headwinds.
Goldman Sachs (NYSE: GS) has been going through some significant changes to its management team under new CEO David Solomon, but that doesn't mean investors should be worried about the stock. A new CEO sometimes just likes to have their own people in place, and as long as Goldman keeps producing solid results, it should continue to create value for shareholders.
One way that it's sure to add value is through the recent rollout of the new credit card the company launched with Apple (NASDAQ: AAPL) dubbed the "Apple Card." It's a virtual card that iPhone users can access from within an app, but they also get a physical one as well. It's a great opportunity for Goldman to work on developing its Marcus consumer banking segment, especially among Apple users who are used to spending lots of money on devices.
Source Fool.com
