3 Bank Stocks That Are Safe to Buy Right Now
Investors should be wary of the stock market right now, given the low volatility and high valuations. If you're thinking about buying bank stocks in this environment, it would be smart to stick with the best -- U.S. Bancorp (NYSE: USB), JPMorgan Chase (NYSE: JPM), and M&T Bank (NYSE: MTB).
If you read what the country's most revered investors and financiers have been saying this year, you can discern a general theme: They're worried about the market, especially the combination of low volatility and high asset valuations.
In terms of valuation, stocks have been higher only twice before, based on the Case Shiller cyclically adjusted price-to-earnings ratio. The first time was in 1929. The second was 1999. Neither ended well.
Source: Fool.com
US Bancorp Stock
€36.55
0.730%
With 19 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 46 € shows a positive potential of 25.85% compared to the current price of 36.55 € for US Bancorp.
