I was asked which bank to invest in the other day, and it’s been on my mind ever since, as that’s a tough question.
Which bank stock would you buy?
Since January 2008, Bank of America has lost nearly 56% of its value, compared with 81% in Citigroup and 4% at Goldman Sachs. Conversely, J.P. Morgan has gained 47%, while Wells Fargo is higher by 91%. RBS has lost over 90% of its value, Lloyds 66%, Barclays 50% and HSBC 46%. BNP Paribas has lost 40% of its value, Banco Santander 53% and Deutsche Bank 65%.
And yet I regularly get tips to buy bank stocks.