Reported 2 months ago
In light of recent declines in the S&P 500 and potential recession risks, Wells Fargo's report suggests that investors can find safety in certain bank stocks. The report highlights quality regional banks like PNC and USB, which exhibit strong credit quality and revenue from fees, as well as trust banks like State Street, known for their resilience in recessions. Additionally, Puerto Rico-based Popular Inc. is noted for its potential upside despite recent market challenges.
Source: YAHOO