3 Top Bank Stocks to Buy in December
Bank stocks have been on a tear this month because of potential earnings tailwinds tied to deregulation, tax reform, and rising interest rates. Despite the recent run-up, there's likely still more running room ahead for the industry, so if you're hunting for bank stocks to add to your portfolio, it could be a good time to consider buying First Hawaiian (NASDAQ: FHB), M&T Bank (NYSE: MTB), and Synchrony Financial (NYSE: SYF).
Jordan Wathen (First Hawaiian Inc.): This bank benefits from a near-duopoly in the remote U.S. state of Hawaii. First Hawaiian controls about 37% of all deposits there. Its peer, Bank of Hawaii , comes in second place with 31% of the state's deposits. Only two other banks top 10% market share.
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Source: Fool.com
Synchrony Financial Stock
The community is currently still undecided about Synchrony Financial with 1 Buy predictions and 0 Sell predictions.
With a target price of 50 € there is a positive potential of 25.98% for Synchrony Financial compared to the current price of 39.69 €.
