Top 10 Finance Stocks To Watch in 2021
2020 saw a year of uncertainty and financial hardship for many households across the globe. It looks to be that the worst fears were avoided and banks are seeing a modest recovery. Low interest rates remain and overhang for the banking sector however. According to experts, the balance sheets and liquidity of financial companies are generally strong and 2021 should see better results.
The coronavirus also accelerated already established trends of moving away from physical cash to contactless and online payment methods. This trend is expected to continue to gain steam into 2021.
Here are the top 10 Finance stocks to watch in 2021:
Opinion about MA: Yesterday off by 5.5%, and that's continuing today. Pretty big reversal from high of around $591. See how it plays out. Volume on…
Citi Group (C-N)
Opinion about C: (A Top Pick Mar 18/25, Up 57%) It was an obvious turnaround stock. The CEO gave Citi more focus and reputation. It continues to…
Morgan Stanley (MS-N)
Opinion about MS: (A Top Pick Jul 16/24, Up 40%) A generation ago, their business was fixed income and capital markets. Now, 50% of business is…
Toronto Dominion (TD-T)
Opinion about TD.TO: (A Top Pick Feb 12/25, Up 62%) Shows what sentiment can do to a stock. Multiple expansion has really driven the total return.…
VISA (V-N)
Opinion about V: Price is bouncing around due to profit-taking and market volatility. Somewhat tied to the US dollar. Incorporating stablecoin, which…
Bank of Nova Scotia (BNS-T)
Opinion about BNS.TO: If you own it, keep it; it'll be fine for the long term. Reported this week; lower-quality beat because it was on the backs of…
Intact Financial (IFC-T)
Opinion about IFC.TO: Likes the thesis of buying companies that you pay into via your monthly bills. Likes the business. Nice diversifier within the…
Royal Bank (RY-T)
Opinion about RY.TO: Revenues went up last quarter, but so did costs. Needs better loan growth to hit ROE targets. Shines in asset management and…
Canadian Imperial Bank of Commerce(CM-T)
Opinion about CM.TO: The chart shows a V-shaped recovery since April's tariff worries. In Canada, interest rates have been cut aggressively, so the…
Bank of America (BAC-N)
Opinion about BAC: It reports Wednesday. They are consistently good with few surprises and he expects it this time.
