Bank stocks have been outperforming tech stocks in 2024, thanks in part to the ‘Trump Trade.’ Here are 9 stocks to keep an eye on as this trend continues.
The financial sector has been on a winning streak this year, with bank stocks surpassing tech names in terms of performance. This shift can be attributed to the so-called ‘Trump Trade,’ which has boosted the prospects of banks and other financial institutions.
If you’re looking to capitalize on this trend, here are 9 stocks that you should watch closely:
1. JPMorgan Chase & Co. (JPM)
2. Bank of America Corporation (BAC)
3. Wells Fargo & Company (WFC)
4. Citigroup Inc. (C)
5. Goldman Sachs Group Inc. (GS)
6. Morgan Stanley (MS)
7. U.S. Bancorp (USB)
8. PNC Financial Services Group Inc. (PNC)
9. Capital One Financial Corporation (COF)
These companies have been performing well in the current market environment and are poised to benefit from the continued strength of the financial sector. Keep an eye on these stocks as they could be lucrative opportunities for investors in the coming months.