My 5 Favorite Bank Stocks for Long-Term Investors

By Matt Frankel – Jan 20, 2023 at 6:33AM

NYSE: BAC

Bank of America

Market Cap

$302B

Today's Change

(1.70%) $0.64

Current Price

$38.37

Price as of April 23, 2024, 4:00 p.m. ET

Here are ones I've invested my own money in.

I own 48 different stocks in my portfolio, and five of them are banks. In this short video, I discuss which bank stocks I own and why I'm confident enough to put my own money behind them.

*Stock prices used were the morning prices of Jan. 18, 2023. The video was published on Jan. 19, 2023.

Ally is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Ally Financial, American Express, Bank of America, Goldman Sachs Group, and Wells Fargo. The Motley Fool has positions in and recommends Bank of America and Goldman Sachs Group. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.