5 Most Profitable Bank Stocks To Invest In

In this piece, we will take a look at the 5 most profitable bank stocks to invest in. If you want to go through our introduction to the banking industry and the stock market, then head on over to 11 Most Profitable Bank Stocks To Invest In.

5. Morgan Stanley (NYSE:MS)

Latest TTM Net Income: $9.26 billion

Number of Hedge Fund Holders: 59

Headquartered in Midtown Manhattan, New York City, Morgan Stanley (NYSE:MS) is a global investment bank and financial services company. With operations spanning 41 countries and a workforce exceeding 75,000 employees, the firm caters to a diverse clientele, including corporations, governments, institutions, and individuals. On October 18, the company declared a quarterly dividend of $0.85 per share, which was in line with its previous dividend. As of December 12, the stock has a dividend yield of 3.98%.

As of the end of Q3 2023, 59 hedge funds in Insider Monkey’s database owned stakes in Morgan Stanley (NYSE:MS), growing from 54 in the preceding quarter. These stakes are collectively valued at more than $2.5 billion.