5 Best Bank Stocks to Buy Now

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In this article, we will be taking a look at the 5 best bank stocks to buy now. To read our detailed analysis of these stocks and the banking sector, you can go directly to see the 12 Best Bank Stocks to Buy Now.

5. Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 69

Goldman Sachs Group, Inc. (NYSE:GS) is a financial institution that provides various financial services for corporations, governments, and individuals across the globe. It is based in New York.

An ‘Outperform’ rating was reiterated on Goldman Sachs Group, Inc. (NYSE:GS) shares on July 19 by BMO Capital’s James Fotheringham. The analyst also holds a $461 price target on the stock.

This July, Goldman Sachs Group, Inc. (NYSE:GS) declared a quarterly dividend of $2.50, up 25% from the company’s past dividend. The company’s revenue rose significantly in the second quarter, with the firm’s Asset Management division growing net revenue by 99% compared to the first quarter to reach $1.1 billion.

There were 69 hedge funds long Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, holding a total stake value of $4.6 billion.

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