When it comes to bank stocks, you truly do get what you pay for. That's why bank investors should take a good hard look at shares of Wells Fargo (NYSE:WFC), U.S. Bancorp (NYSE:USB), and New York Community Bancorp (NYSE:NYCB), as well as the other two banks revealed in the slideshow below.
All five of the banks highlighted therein trade for substantial premiums to their tangible book values, making them the five most expensive big bank stocks right now.
But far from discouraging prospective investors from owning shares in these banks, their high valuations should instead serve as a beacon for new money, as Wells Fargo, U.S. Bancorp, and New York Community Bancorp all have long histories of outperforming both the bank industry and the broader market.
John Maxfield has no position in any stocks mentioned. The Motley Fool owns shares of and recommends 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.