In this video, Motley Fool contributor Jason Hall discusses the eight bank stocks that he owns, making up over 12% of his portfolio. In addition to a review of how they've done in 2023, Jason shares his most recent thoughts on whether any are still buys, and his expectations going forward. Stocks discussed include Axos Financial (NYSE: AX), Central Pacific Financial (NYSE: CPF), Live Oak Bancshares (NYSE: LOB), SoFi Technologies (NASDAQ: SOFI), Bank of N.T. Butterfield & Son (NYSE: NTB), Truist Financial (NYSE: TFC), M&T Bank (NYSE: MTB), and PNC Bank (NYSE: PNC).
*Stock prices used were from the morning of Dec. 13, 2023. The video was published on Dec 16, 2023.
Should you invest $1,000 in SoFi Technologies right now?
Before you buy stock in SoFi Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of December 11, 2023
Jason Hall has positions in Axos Financial, Bank Of N.t. Butterfield & Son, Central Pacific Financial, Live Oak Bancshares, M & T Bank, PNC Financial Services, SoFi Technologies, and Truist Financial. The Motley Fool has positions in and recommends Axos Financial, Bank Of N.t. Butterfield & Son, Central Pacific Financial, Live Oak Bancshares, PNC Financial Services, and Truist Financial. The Motley Fool has a disclosure policy.Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.