5 Best Financial Services Stocks to Buy Now

Page 1 of 5

In this article, we discuss 5 of the best financial services stocks to buy now. If you want to check out some more of the best financial services stocks, go directly to 11 Best Financial Services Stocks to Buy Now.

5. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 99

Bank of America Corporation (NYSE:BAC) is a leading U.S. bank that provides consumer and corporate banking. On 10/11, Vivek Juneja of JPMorgan cut his price target on Bank of America to $35.50 from $40.50 but kept an ‘Overweight’ rating. Although Bank of America Corporation (NYSE:BAC) has benefited from the rising interest rates with higher net interest income, the rate of the rise could cause a recession which might not be good for Bank of America’s future earnings per share in the next year.

In the long term, Bank of America Corporation (NYSE:BAC) is still attractive given its market share and scale.

99 hedge funds in our database were long Bank of America Corporation (NYSE:BAC) at the end of the second quarter.

Page 1 of 5