In this article, we will take a look at the 8 Best Financial Stocks to Buy According to Ken Fisher.
American financial analyst, author, and billionaire investor Ken Fisher founded and manages Fisher Asset Management. His unconventional style and strong belief in capitalism have earned him a reputation as a world-renowned financial manager. The billionaire investor and his group use a long-term strategy that frequently depends on solid financial stocks.
Although Trump’s second term has been heavily scrutinized for its shock and awe tactics, the deregulation of the banking industry has been one of his more muted initiatives. Following 2008, lenders were forced to take on more risk due to bureaucratic restrictions, which caused them to transfer their responsibilities to hedge funds, private capital groups, and other non-bank financial entities.
However, the Trump administration’s measures might reverse the disparity between banks and private capital and provide some of the largest reprieves banks have had since the financial crisis.
Overall, the financial services sector and banks appear to be doing well in the current economy. The KBW Nasdaq Bank Index, which tracks the performance of the top banks and thrift organizations, has increased by more than 16% year-to-date. The Dow Jones US Financial Services Index, another important indicator that tracks the stock performance of US financial services companies, has increased by more than 12% so far this year.
Our Methodology
To curate our list of the 8 best financial stocks to buy according to billionaire Ken Fisher, we scanned Fisher Asset Management’s Q2 2025 13F filings, using Insider Monkey’s 13F database.
We have added the performance of each stock from the end of Q2 2025 to November 13, providing readers with insight into how Fisher Asset Management’s portfolio picks have played out so far.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
8. Barclays PLC (NYSE:BCS)
Share Price Return Between July 1 and November 13: 21.39%
Fisher Asset Management’s Q2 Stake Value: $1.54 billion
Number of Hedge Fund Holders: 28
Barclays PLC (NYSE:BCS) ranks among the best financial stocks to buy according to billionaire Ken Fisher. On October 23, CFRA boosted its price target for Barclays PLC (NYSE:BCS) from $21 to $24 and upgraded the company’s shares from Hold to Buy, citing raised profitability and earnings resilience. The firm pointed out that Barclays’ third-quarter 2025 results showed solid improvement in the quality of earnings, with a strong capital return program, robust divisional performance, and improved Return on Tangible Equity (RoTE) forecasts.
CFRA thinks Barclays’ stock is still attractive compared to its peers, even with the recent surge in share price. This might lead to a re-rating if management meets its goal of more than 11% RoTE.
Moreover, Barclays PLC (NYSE:BCS) expects net interest income to exceed £12.6 billion this year, driven by UK lending momentum, deposit stability, and operational progress in the firm’s consumer banking in the United States. Barclays PLC (NYSE:BCS) also announced a £500 million share purchase, which it attributed to robust capital generation among other factors.
Barclays PLC (NYSE:BCS) provides various financial services in the UK, Europe, the Americas, Africa, the Middle East, and Asia.
7. The Charles Schwab Corporation (NYSE:SCHW)
Share Price Return Between July 1 and November 13: 4.60%
Fisher Asset Management’s Q2 Stake Value: $1.95 billion
Number of Hedge Fund Holders: 100
The Charles Schwab Corporation (NYSE:SCHW) ranks among the best financial stocks to buy according to billionaire Ken Fisher. S&P Global Ratings maintained its “A-/A-2” issuer credit ratings on October 31 while altering its outlook for The Charles Schwab Corporation (NYSE:SCHW) from stable to positive. According to the ratings firm, Schwab’s unrealized securities losses have significantly decreased, adjusted regulatory capital ratios have sharply increased, and interest-rate risk and balance-sheet volatility have been handled more effectively.
By employing derivatives to shorten the term of its securities portfolio, The Charles Schwab Corporation (NYSE:SCHW) has improved interest-rate risk management. The length of securities that were available for sale was reduced from 2.4 years at the end of 2022 to 2 years as of June 2025.
The rating agency’s coverage follows Charles Schwab’s third-quarter earnings report, which showed a 27% year-over-year increase in quarterly net revenues to a record $6.1 billion. Net interest margin, on the other hand, grew sequentially by 21 basis points to 2.86% as a result of strong securities lending activity and further reduction of higher cost liabilities.
Assuming The Charles Schwab Corporation (NYSE:SCHW) maintains strong capitalization and performance while managing its balance-sheet and interest-rate risks, S&P may upgrade its ratings over the coming two years.
The Charles Schwab Corporation (NYSE:SCHW) is a leading U.S.-based brokerage and wealth management firm. It provides trading, advisory, banking, and custodial services to individual investors and independent advisors.
6. Bank of America Corporation (NYSE:BAC)
Share Price Return Between July 1 and November 13: 9.80%
Fisher Asset Management’s Q2 Stake Value: $2.43 billion
Number of Hedge Fund Holders: 115
Bank of America Corporation (NYSE:BAC) ranks among the best financial stocks to buy according to billionaire Ken Fisher. On October 24, Freedom Capital Markets reaffirmed its Buy rating on Bank of America Corporation (NYSE:BAC) and increased its price target to $59.50 from $56.50, following the bank’s third-quarter results. The bank’s Q3 2025 revenue of $28.1 billion was in line with market forecasts, while its earnings per share of $1.06 crossed the $1.04 estimate.
Bank of America’s efficiency ratio improved to 62% during the quarter as revenue growth surpassed expense growth. Non-interest income, especially in investment banking, drove the performance, with fee revenue rising 43% year-over-year.
Meanwhile, Bank of America’s net interest income increased 9% to $15.2 billion during the quarter compared to the same period last year. The bank now projects that its interest income for the fourth quarter will fall between $15.6 billion and $15.7 billion, an increase of almost 8% over the previous year.
Bank of America Corporation (NYSE:BAC) is a financial holding company that offers a variety of services, including savings accounts, deposits, wealth and cash management, investment funds, online banking, and other financial products.
5. Visa Inc. (NYSE:V)
Share Price Return Between July 1 and November 13: -5.45%
Fisher Asset Management’s Q2 Stake Value: $2.57 billion
Number of Hedge Fund Holders: 167
Visa Inc. (NYSE:V) ranks among the best financial stocks to buy according to billionaire Ken Fisher. On October 28, Visa Inc. (NYSE:V) slightly exceeded fourth-quarter earnings predictions and offered an optimistic outlook for the following fiscal year, as strong consumer spending in the United States pushed card transactions up on the company’s network.
The payments giant posted an 11.5% year-over-year revenue growth while its $10.72 billion revenue beat Wall Street’s expectations by 1.1%. On a constant-dollar basis, Visa’s payment volume increased by 8% year-over-year. Meanwhile, cross-border volume increased 13% in fiscal 2024.
Over the last five years, the company’s volumes have increased at a 39.5% annual pace, surpassing the broader financials industry and exceeding its overall revenue.
At the same time, Visa Inc. (NYSE:V) predicts low double-digit rises in FY 2026 net revenue on a constant dollar basis, which is roughly around analysts expectations of around 11%.
Visa Inc. (NYSE:V) is a digital payments technology company that operates a global payment network, connecting consumers, merchants, and financial institutions to facilitate electronic transactions.
4. Citigroup Inc. (NYSE:C)
Share Price Return Between July 1 and November 13: 19.24%
Fisher Asset Management’s Q2 Stake Value: $2.73 billion
Number of Hedge Fund Holders: 102
Citigroup Inc. (NYSE:C) ranks among the best financial stocks to buy according to billionaire Ken Fisher. On October 28, Citigroup Inc. (NYSE:C) and Coinbase, a cryptocurrency marketplace, announced plans to collaborate on digital asset payment solutions for the bank’s U.S.-based institutional clients, with hopes of eventually expanding the offering to clients across the world.
In order to facilitate seamless transitions between traditional currency and digital assets like cryptocurrencies, the partnership will first focus on allowing users to make deposits and withdrawals in traditional currencies through Coinbase’s services. Both companies said that they will provide information on specific plans in the upcoming months, including options that can result in different fiat-to-stablecoin payout schemes.
The partnership comes at a time where stablecoins are becoming increasingly prevalent in corporate operations. According to Citigroup Inc. (NYSE:C), customers expect speed and uptime in addition to programmability, conditional payments, and reduced expenses.
Debopama Sen, who oversees payments and services at Citigroup Inc. (NYSE:C), claims that the bank is looking into ways of making on-chain stablecoin payments possible, referring to stablecoins as an enabler that can increase customer functionality.
Citigroup Inc. (NYSE:C) is a diversified financial service holding company that provides various financial products and services to consumers, corporations, governments, and institutions.
3. American Express Company (NYSE:AXP)
Share Price Return Between July 1 and November 13: 13.08%
Fisher Asset Management’s Q2 Stake Value: $2.78 billion
Number of Hedge Fund Holders: 70
American Express Company (NYSE:AXP) ranks among the best financial stocks to buy according to billionaire Ken Fisher. Freedom Capital Markets boosted its price target for American Express Company (NYSE:AXP) from $280 to $325 on October 24 after the company’s third-quarter 2025 results, upgrading the stock from Sell to Hold. For the third quarter of 2025, the company reported earnings per share of $4.14, up 19% year-over-year and 4% higher than expected. In contrast, revenue exceeded estimates by 2% to reach $18.43 billion.
American Express Company (NYSE:AXP) performed well in its quarterly report, with steady growth in key areas. Higher revenue, smaller provisions, and share repurchases more than made up for higher operational and tax costs.
CEO Squeri also lauded the updated U.S. Consumer and Business Platinum Cards’ successful launch, pointing out that initial demand and engagement surpassed projections, and account acquisitions doubled from pre-refresh levels.
American Express Company (NYSE:AXP) is a global financial company that offers credit and charge cards, banking, travel, lifestyle, and expense management services, along with fraud prevention and loyalty programs.
2. JPMorgan Chase & Co. (NYSE:JPM)
Share Price Return Between July 1 and November 13: 6.57%
Fisher Asset Management’s Q2 Stake Value: $4.45 billion
Number of Hedge Fund Holders: 124
JPMorgan Chase & Co. (NYSE:JPM) ranks among the best financial stocks to buy according to billionaire Ken Fisher. Following an investor meeting with the bank’s Chief Data & Analytics Officer, UBS reaffirmed its Buy rating and $357 price target for JPMorgan Chase & Co. (NYSE:JPM) on November 12. The firm emphasized JPMorgan’s long-term lead in the practical use of AI, pointing out that the bank recently switched to generative AI for new applications.
According to the meeting, JPMorgan’s use of AI is boosting revenue rather than saving costs. Speaking on its conviction regarding artificial intelligence, JPMorgan management stated that AI capabilities will someday become “table stakes” for financial organizations, similar to basic technology requirements like personal computers or internet access.
The LLM Suite, a proprietary platform driven by top third-party large language models (LLMs), is at the center of the bank’s AI revolution. The platform has automated several procedures and provided employees direct access to AI tools.
JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking in addition to consumer and small business financial services. It also offers commercial banking, asset management, and financial transaction processing.
1. The Goldman Sachs Group, Inc. (NYSE:GS)
Share Price Return Between July 1 and November 13: 14.02%
Fisher Asset Management’s Q2 Stake Value: $4.62 billion
Number of Hedge Fund Holders: 73
The Goldman Sachs Group, Inc. (NYSE:GS) ranks among the best financial stocks to buy according to billionaire Ken Fisher. In a market that’s awakening to large-scale acquisitions, The Goldman Sachs Group, Inc. (NYSE:GS) seems to be stepping into the fast lane. On November 12, the bank announced that it is entering the talent agency industry. In a deal reportedly worth about $1 billion, the private equity branch of the bank’s alternatives division acquired the majority of Excel Sports Management. Through the agreement, Goldman Sachs Alternatives will invest in technology and data-driven capabilities, while offering strategic and financial support to increase Excel’s global presence in sports, media, and sponsorship.
In a similar vein, The Goldman Sachs Group, Inc. (NYSE:GS) will receive $110 million for advising Electronic Arts on their record-breaking $55 billion take-private deal, which is the most profitable M&A deal in the investment bank’s history.
According to an SEC filing on November 11, The Goldman Sachs Group, Inc. (NYSE:GS) received $10 million when the EA take-private transaction was announced. The final $100 million fee will be paid at the close of the transaction.
The Goldman Sachs Group, Inc. (NYSE:GS), a leading global financial institution, provides financial services across investment banking, securities, asset management, and consumer banking to corporations, institutions, governments, and individuals globally.
While we acknowledge the potential of GS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GS and that has 100x upside potential, check out our report about this cheapest AI stock.
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