5 Best ASX Stocks to Buy Now

2. Westpac Banking Corporation (ASX: WBK)  

Westpac Banking Corporation (ASX: WBK) is a Sydney-based bank and financial services provider founded in 1817. It is placed second on our list of 10 best ASX stocks to buy now. Westpac stock has returned more than 99% to investors over the past year. The bank has operations in New Zealand in addition to Australia. Some of the services marketed by the bank include loans, insurance, and business transactions, among others. It has a market cap of more than $72 billion and posted more than $12 billion in annual revenue in 2020. 

For those interested in banking stocks with strong fundamentals like Westpac Banking Corporation (ASX: WBK), a good option would be Bank of America Corporation (NYSE: BAC), one of the biggest finance names in the United States.

At the end of the fourth quarter of 2020, 99 hedge funds in the database of Insider Monkey held stakes worth $35 billion in Bank of America Corporation (NYSE: BAC), up from 88 in the preceding quarter worth $26 billion.