Three Bank Stocks to Buy in 2019

Alex Hamilton  |

Despite the fact that some financial experts believe that 2019 will be a challenging year for President Trump and his economy, the stock market is continuing to rise. If the stock market continues to head in this direction, and the recession is held at bay, it means the economic expansion in the United States will be the longest it's been since the growth spurt that took place from 1991 to 2001 under President Clinton. Thanks to rising stock markets and the positive outlook on the global economy, the two biggest economies in the world, the United States and China, will continue to grow in 2019.

In fact, when it comes to the country's economy, 2019 has already gotten off to a good start. When the country rang in the New Year, the GDP was growing by about 3 percent, inflation was relatively low, and the tax cuts from 2017 provided the economy with heavy fiscal stimulus.

While it's good to get financial advice from sites like Finance Smarti, here are three bank stocks that investors who want to take advantage of the rising rates may want to consider buying in 2019.

With over $2.5 trillion worth of assets, JPMorgan Chase JPM is the largest bank in the United States and the sixth largest bank in the world. In 2017, total revenue for the bank totaled $99.62 billion. In 2018, the bank raised its dividend payout by 40 percent. With its headquarters in New York City, Jamie Dimon has served as CEO since 2005 and will continue to do so through 2023.

With a total of over $210 billion worth of revenue, Berkshire Hathaway BRK.A is the world's largest financial services company. Warren Buffet has served as CEO of the company that has its headquarters in Omaha, NE since 1970. The financial powerhouse owns over $3 billion dollars of Goldman Sachs GS stock and also 17.6 percent of American Express AXP.

Buffet also owns 7.7 percent of U.S. Bancorp USB, a bank holding company located in Minneapolis, MN and incorporated in Delaware. The $80 billion company has over 3,000 offices throughout the United States. As the parent company of US Bank, U.S. Bancorp is the seventh largest bank in the country. The current CEO, Andrew Cecere, has been involved with U.S. Bancorp for over 30 years.

DISCLOSURE: The author has no stake in the listed equities.

The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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