Sectors & IndustriesFinancial ServicesBanks - Diversified

Best Diversified Bank Stocks to Buy Now (2024)

Top diversified bank stocks in 2024 ranked by overall Zen Score. See the best diversified bank stocks to buy now, according to analyst forecasts for the banks - diversified industry.

According to Zen Score, the 3 best diversified bank stocks to buy right now are:

Bank Of America (NYSE:BAC) is the top diversified bank stock with a Zen Score of 46, which is 11 points higher than the diversified bank industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bank Of America has seen its stock return 26.78% over the past year, overperforming other diversified bank stocks by 8 percentage points.

Bank Of America has an average 1 year price target of $39.13, an upside of 3.7% from Bank Of America's current stock price of $37.73.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Bank Of America, 26.67% have issued a Strong Buy rating, 20% have issued a Buy, 46.67% have issued a hold, while 0% have issued a Sell rating, and 6.67% have issued a Strong Sell.

Ubs Group Ag (NYSE:UBS) is the second best diversified bank stock with a Zen Score of 43, which is 8 points higher than the diversified bank industry average of 35. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ubs Group Ag has seen its stock return 36.04% over the past year, overperforming other diversified bank stocks by 17 percentage points.

Ubs Group Ag has an average 1 year price target of $32.18, an upside of 15.05% from Ubs Group Ag's current stock price of $27.97.

Ubs Group Ag stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Ubs Group Ag, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Jpmorgan Chase & Co (NYSE:JPM) is the third best diversified bank stock with a Zen Score of 42, which is 7 points higher than the diversified bank industry average of 35. It passed 15 out of 38 due diligence checks and has strong fundamentals. Jpmorgan Chase & Co has seen its stock return 34.59% over the past year, overperforming other diversified bank stocks by 16 percentage points.

Jpmorgan Chase & Co has an average 1 year price target of $206.92, an upside of 9.25% from Jpmorgan Chase & Co's current stock price of $189.41.

Jpmorgan Chase & Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Jpmorgan Chase & Co, 61.54% have issued a Strong Buy rating, 23.08% have issued a Buy, 15.38% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 15 diversified bank stocks that have issued dividends in the past year, the 3 diversified bank stocks with the highest dividend yields are:

Ubs Group Ag (NYSE:UBS) has an annual dividend yield of N/A, which is N/A percentage points lower than the diversified bank industry average of 4.7%. Ubs Group Ag's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Ubs Group Ag's dividend has not shown consistent growth over the last 10 years.

Ubs Group Ag's dividend payout ratio of 2.7% indicates that its dividend yield is sustainable for the long-term.

Natwest Group (NYSE:NWG) has an annual dividend yield of 8.04%, which is 3 percentage points higher than the diversified bank industry average of 4.7%. Natwest Group's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Natwest Group's dividend has shown consistent growth over the last 10 years.

Natwest Group's dividend payout ratio of 42.9% indicates that its high dividend yield is sustainable for the long-term.

Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 7.32%, which is 3 percentage points higher than the diversified bank industry average of 4.7%. Hsbc Holdings's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Hsbc Holdings's dividend has shown consistent growth over the last 10 years.

Hsbc Holdings's dividend payout ratio of 46.1% indicates that its high dividend yield is sustainable for the long-term.

Diversified bank stocks were up 1.57% in the last day, and up 2.41% over the last week. Citigroup was the among the top gainers in the banks - diversified industry, gaining 3.06% yesterday.

Shares of banking and financial services stocks are trading higher as stocks across sectors rebound following recent weakness.

Based on WallStreetZen's Valuation Score, the 3 most undervalued diversified bank stocks right now are:

Hsbc Holdings (NYSE:HSBC) is the most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Hsbc Holdings has a valuation score of 71, which is 29 points higher than the diversified bank industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Hsbc Holdings's stock has gained 16.09% in the past year. It has underperformed other stocks in the diversified bank industry by -3 percentage points.

Bank Of America (NYSE:BAC) is the second most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Bank Of America has a valuation score of 71, which is 29 points higher than the diversified bank industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Bank Of America's stock has gained 26.78% in the past year. It has overperformed other stocks in the diversified bank industry by 8 percentage points.

Barclays (NYSE:BCS) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Barclays has a valuation score of 71, which is 29 points higher than the diversified bank industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Barclays's stock has gained 23.16% in the past year. It has overperformed other stocks in the diversified bank industry by 4 percentage points.