With the S&P 500 (SNPINDEX:^GSPC) down nearly 3% in the past week, and the S&P's bank stocks down 3.5%, Motley Fool financials analysts Matt Koppenheffer and David Hanson take a look at which banks may be bucking the downward trend this week. They highlight one banking merger that's gone against this trend in a big way, discuss why Canadian banks are often viewed as a safer bet in times of turmoil, and tell us why Wells Fargo (NYSE:WFC) consistently keeps its head above water, even in rough seas.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends The Bank of Nova Scotia (USA) and Wells Fargo. The Motley Fool owns shares of Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Better Stock: Wells Fargo (WFC) vs. Citigroup (C)
The two banks have had plenty of ups and downs over the last decade or so. Here's the one I think has more "up" potential right now.
Wells Fargo & Company (WFC) Q4 2017 Earnings Conference Call Transcript
WFC earnings call for the period ending December 31, 2017.
Wells Fargo Earnings: Not Great, but It's All About the Future
Wells Fargo's scandal-filled 2017 weighed on earnings, but tax reform gave the company a fourth-quarter boost.