Best US Bank Stocks to Buy in 2023

Best US Bank Stocks to Buy in 2023
Best US Bank Stocks to Buy in 2023

by Tanushree Jaiswal Last Updated: Sep 07, 2023 - 05:09 pm 188 Views

US bank stocks have long been a mainstay of many investors' portfolios. These financial institutions support the American economy by delivering necessary services and promoting economic expansion. In this article, we explore the world of US bank stocks and examine the significant aspects that attract investors. We'll discuss the top US bank stocks, market trends, and the sector's general outlook, from seasoned leaders to up-and-coming competitors. Learn why best US bank stocks continue to be a tempting option for investors seeking stability and potential for long-term success in an ever-changing financial world.

What are US Bank Stocks?

S bank stocks are shares of publicly listed businesses that function in the US banking industry. These shares signify ownership in financial organizations that operate in a range of banking operations, such as retail and commercial banking, investment banking, asset management, and other associated services. Investors can participate in the expansion and success of these financial companies by purchasing and selling their stocks on various stock markets. Due to their potential for consistent dividends, capital growth, and their direct linkages to the general health and success of the US economy, US bank stocks are frequently seen as an essential component of investment portfolios.

List of Top 10 US Bank Stocks to Buy in 2023

Overview of US Bank Stocks to Invest

1. JPMorgan Chase & Co. (JPM)

One of the biggest and most well-known financial institutions in the US is JPMorgan Chase & Co. (JPM). Along with investment banking, commercial banking, asset management, and consumer banking, it provides various financial services. JPMorgan is well-known for its stability, innovation, broad clientele, and significant global presence.

2. Bank of America Corporation (BAC)

A significant US-based bank with a solid global presence is Bank of America Corporation (BAC). Retail banking, wealth management, investment banking, and international markets activities are among the various financial services it offers. BAC serves millions of customers and remains a crucial player in the financial sector. It is renowned for its enormous branch network.

3. Wells Fargo & Co. (WFC)

The well-known US bank Wells Fargo & Co. (WFC) offers various financial services. It provides retail banking, business banking, mortgage, and wealth management services through multiple locations. Despite considerable difficulties, WFC is still a significant player in the banking sector.

4. Citigroup Inc. (C)

A global provider of financial services with its headquarters in the US is Citigroup Inc. (C). Consumer banking, institutional clients, and worldwide consumer banking are just a few of the categories in which it operates. Citi serves millions of customers globally and maintains a solid international presence while providing a comprehensive range of banking products and services.

5. Goldman Srachs Group Inc. (G.S.)

The top US bank stock and investment banking provider is Goldman Sachs Group Inc. (G.S.). G.S. serves many customers, including businesses, financial institutions, and high-net-worth individuals. It is renowned for its competence in mergers and acquisitions, securities trading, and investment management. It is essential in the world's financial markets.

6. Morgan Stanley (M.S.)

A well-known US-based provider of financial services is Morgan Stanley (M.S.). It provides various services, such as institutional securities, wealth management, and investment banking. With a presence worldwide, M.S. offers creative solutions to address the financial needs of businesses, governments, institutions, and individuals.

7. US Bancorp (USB)

A significant regional bank with operations throughout several states, US Bancorp (USB) is based in the US. USB offers a full range of banking services, including corporate and consumer banking, wealth management, and payment processing. USB is renowned for its excellent financial stability. USB has a substantial presence in the US banking industry, focusing on client happiness and risk control.

8. PNC Financial Services Group Inc. (PNC)

A diverse provider of financial services with its headquarters in the US is PNC Financial Services Group Inc. (PNC). PNC provides retail and commercial banking, asset management, and corporate banking services, and it has a significant presence in many markets. PNC is a critical player in the financial sector thanks to its wide variety of financial products for consumers, companies, and institutional clients.

9. Truist Financial Corporation (TFC)

A significant US bank holding company called Truist Financial Corporation (TFC) was created after BB&T and SunTrust merged. TFC has a broad geographic reach and provides various financial and banking services, including business and retail banking, wealth management, and insurance products. A solid financial organization that services millions of clients nationwide has been formed due to the merger.

9. American Express Company (AXP)

The US-based American Express Company (AXP) is a well-known international provider of financial services. AXP, famous for its charge and credit card products, offers financial solutions to people and companies worldwide. It is a leader in the payment industry, serving both high-net-worth individuals and business clients because of its premium services and solid brand recognition.

Performance List of Top 10 US Bank Stocks to Buy Now

Stock Market Cap Day's Range 52 Week Range Dividend Yield Average Volume P/E Ratio EPS
JPMorgan Chase & Co. 453.41B 155.70 - 157.80 101.28 - 159.38 4.00 (2.57%) 10,076,070 10.03 15.56
Bank of America Corporation 248.946B 31.17 - 31.67 26.32 - 38.60 0.96 (3.08%) 45,592,325 8.99 3.48
Wells Fargo & Co. 164.495B 45.56 - 46.69 35.25 - 48.84 1.40 (3.10%) 18,126,130 11.21 4.00
Citigroup Inc. 88.024B 45.56 - 46.69 40.01 - 54.56 2.06 (4.45%) 15,595,491 7.24 6.31
Goldman Sachs Group Inc. 117.427B 352.51 - 358.73 287.75 - 389.58 11.00 (3.13%) 2,333,070 15.02 23.51
Morgan Stanley 147.303B 88.52 - 90.05 74.67 - 100.99 3.40 (3.81%) 7,295,311 15.60 5.69
US Bancorp 61.102B 39.24 - 40.45 27.27 - 49.95 1.92 (5.00%) 14,709,058 11.10 3.59
PNC Financial Services Group Inc. 52.321B 130.71 - 133.72 110.31 - 176.34 1.92 (5.00%) 2,588,461 9.02 14.58
Truist Financial Corporation 42.717B 32.00 - 32.52 25.56 - 52.22 2.08 (6.44%) 11,467,241 7.41 4.33
American Express Company 121.818B 165.06 - 168.10 130.65 - 182.15 2.40 (1.44%) 2,957,937 16.79 16.79

Who Should Invest in US Banks Stocks?

Different types of investors may find investing in US bank stocks suitable. Due to their established presence and ongoing need for financial services, US bank stocks may appeal to long-term investors seeking consistent returns and dividend income. The close relationship between bank stock performance and economic performance is also advantageous for individuals seeking exposure to the US economy. But it's critical to consider each person's level of risk tolerance, investing objectives, and time horizon. Bank stocks may have strong returns and growth potential but are also prone to market and regulatory changes. Making wise investing selections requires rigorous research and sector-specific diversification.

Benefits of Investing in US Banks Stocks

The advantages of investing in the best US bank stocks are numerous. First and foremost, banks are critical to the economy because they offer essential financial services that can result in consistent income streams and prospective dividend payments. Second, bank stocks frequently outperform during economic expansion, making them desirable for capital growth. Many US banks also have a presence abroad, giving them access to foreign markets. Additionally, regulatory control of the US financial stocks encourages transparency and stability. Lastly, owning a diversified portfolio of reputable US bank stocks can protect investors from inflation and market volatility while offering a chance for long-term success.

Things to Consider Before Investing in US banks Stocks

Do your research before investing in US bank stocks. As bank stocks can be subject to economic volatility and regulatory changes, you should evaluate your risk tolerance first. Do extensive study on the management, market position, and financial standing of the institutions you are interested in. To reduce risk and prevent overexposure to one sector, diversify your portfolio. Keep an eye on interest rates because they can affect banks' profitability. Recognize the services, business strategy, and potential hazards of the bank. Finally, get the advice of a financial expert to ensure that your investing strategy is in line with your financial objectives and that you are making wise choices.

How to Invest in the Best US Bank Stocks?

Follow these steps to invest in the top US bank stocks:

Step 1: To understand the market, research the key players and the US banking industry. To make well-informed decisions, define your investment objectives and evaluate your risk tolerance.
Step 2: Pick a trustworthy online broker with reasonable features and costs. Create a diversified portfolio to distribute risk among several institutions and industries.
Step 3: Consider financial measures and performance when critically examining possible bank stocks.
Step 4: Keep current with economic trends and legislative changes affecting the banking sector. Invest in certain bank stocks using your brokerage account.
Step 5: Maintain regular investment monitoring and make necessary portfolio adjustments.


US bank stocks remain crucial to investing portfolios because they offer security, room for expansion, and dividend income. Investors should thoroughly research, evaluate their risk appetite, and diversify sensibly. A well-informed approach can unlock the exciting opportunities the ever-evolving US banking sector offers with a watchful eye on economic developments and regulatory changes.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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