Top Bank Stocks 2016 – Bank Stocks are dropping hard as we head into 2016 due to the Federal Reserve threatening to raise interest rates. Below is my list of the best banks stocks and bank stocks to buy in 2016. These bank stocks have a chance to rise significantly in the year ahead.
Latest 2016 Stock Picks – Click Here
Bank Stocks 2016 – PNC Financial Services (PNC) – PNC Financial Service (PNC) is my top bank stock for 2016. PNC pays a 2.2% dividend and continues to show solid growth. The stock rallied from $82-$100 last year and I have a 2016 price target of $107. PNC is on pace for another solid year in the banking sector.
Top Bank Stocks 2016 – JP Morgan (JPM) – JP Morgan (JPM) is another good bank stock for 2016. JPM is one of the safest bank stocks because it’s so big and solid and has a dividend yield of 2.7%. JP Morgan has a solid management team who continue to execute so any big dip below $60 in 2016 remains a strong buy. I give JPM a 2016 price target of $71 in 2016.
Bank Stocks to Buy 2016 – Wells Fargo (WFC) – Wells Fargo (WFC) continues to be one of the best banks stocks to buy in 2016. Shares of Wells Fargo (WFC) are trading around $53 and the company pays a 2.8% dividend yield. If you are looking to buy WFC in 2016, wait until we see another large correction in the stock market. Wells Fargo (WFC) is a strong buy below $50 in 2016.
Other Bank Stocks to Watch:
Fifth Third Bancorp (FITB)
SunTrust Banks (STI)