5 Best Bank Stocks for 2021

2. Wells Fargo & Company (NYSE: WFC)

Ranking 2nd on the list of 10 best bank stocks for 2021 is Wells Fargo. The bank has over $1.9 trillion worth of assets, over 65 million customers and 26 million active mobile banking users. The bank recently announced it will sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. The move is part of Wells Fargo’s strategy to expand its wealth and brokerage business. In the fourth quarter of 2020, legendary investor Warren Buffett’s fund Berkshire Hathaway cut its stake in the bank by 59%, ending the period with 52.4 million shares of the company, worth $1.58 billion.

 Our database shows that 99 hedge funds held stakes in Wells Fargo & Company at the end of December, versus the 90 funds in the third quarter.

Largest Financial Services Companies