4 Bank Stocks to Buy For 2021 and Why!

Hello YouTube. A lot of people have been in the red the last few days due in large part to people taking end of the year profits and losses. One of the ways to avoid being in the red on green days is to make sure you have a balanced portfolio and today we are going to step back and cover bank stocks which are great fundamental plays for your portfolio.

Earlier this month the Federal Reserve loosened restrictions on big bank stock buybacks and in plain english this means that the top 33 banks will be able to do share buybacks starting in the first quarter of 2021.

Banks have faced restrictions on dividends and stock buybacks since June of 2020. The Fed said they would allow buybacks as long as the amount of the repurchases and dividends do not exceed the average of net income for the four proceeding quarters.

This will affect 33 banks but the buybacks cannot happen until the banks report their net income for the 4th quarter. And today I’m going to give you my top 4 picks and show you why I like these banks.

My shared online portfolio is up 50% over the last 4 months but it was down a little bit yesterday with year end profit taking and reshuffling. But don’t worry, I’m taking this portfolio from 66K to 2.6 million tax free dollars and I’ll keep you posted as it grows..

MY FAVORITE THINGS.

LET’S CONNECT:

Disclosures: Jerry Romine's content is for entertainment purposes only and in no event will Jerry Romine be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of Jerry Romine's content on YouTube, Patreon, and Discord. Jerry Romine's video content may change over time, or become outdated or invalid. I also have affiliate links in this description that I may earn money from to help support the channel.I am not a financial advisor. FAIR USE is permitted by copyright statute that might otherwise be infringing. You, and only you, are responsible for your financial decisions. Thank you from Jerry Romine.

#JerryRomine #BeastModeStockAnalysis #StocksToBuyNow

STOCK TICKER SYMBOLS:
C Stock Citigroup Inc.
CFG Stock Citizens Financial Group, Inc.
COF Stock Capital One Financial Corporation
PNC Stock The PNC Financial Services Group, Inc.
BAC Stock Bank of America Corporation
JPM Stock JPMorgan Chase & Co.
FITB Stock Fifth Third Bancorp
GS Stock The Goldman Sachs Group, Inc.
USB Stock U.S. Bancorp
WFC Stock Wells Fargo & Company

MUSIC:
Creative Commons — Attribution 3.0 Unported — CC BY 3.0

Creative Commons — Attribution 3.0 Unported — CC BY 3.0

Creative Commons — Attribution 3.0 Unported — CC BY 3.0

[kevkev]

I appreciate the rational and the variation of stock picks. Thank you Jerry! cheers to you in 2021

[ryanmdowling]

I think im almost equally as impressed at how you blindly swing that full cup of hot coffee every video without spilling. I've only seen you slop once. Nicely done!

[ericskarl]

Thanks Jerry. You are an incredible help and inspiration.

[miguelteran-raful]

Can you teach us how you find stocks and how you search them?

[weswest]

Months ago I recommended CFG on your previous banking video, you responded with a 🤣

[robertpearce]

Hey Jerry, what I'd love to see get the Beast Mode treatment is housing stocks, particularly newbe Opendoor and giant Zillow - Where is the best place to put our money?

[Nemo-ynsp]

Oh goodie! I bought C a few days ago as my bank pick for growth (and dividend income). Thanks, Jerry! :)

[collinb]

Are you more bullish on GBL or GS? Obviously with interest rates being low the margins for banks are low so more interested in the investment side?

[emilebrault]

Hi I am a long term investor but I am Canadian, should I buy a us bank stock like bac ? Or should I buy Canadian bank stock like TD?

[josephwilliams]

Jerry any thoughts on BNGO and its amazing run in the last 2 days?

[sagig]

Good video Jerry. I invested in Citi (also in JPM). I feel I missed on Goldman Sachs .... Banks are looking good into 2021. I wouldn't bet all my money on them, but they should perform better than in 2020.

[ny]

Jerry. Any thoughts on Morgan Stanley? It’s already recovered from the March low. Thanks. 🙏🏻

[ucharest]

Can you make a video on your thoughts on some of the best high leveraged ETFS. Wish everyone happy new year

[bunkyflies]

I was at that market in 1990. It seems more modern now, as you would expect!

[sarathbe]

Thanks Jerry. I want to understand the differences between your free subscription and paid subscription?

[Portapottypossum]

Jus got BAC and WFC 1/8 calls once stimulus checks roll out their coming up!!

[ThousanWhite]

How do I get my Roth IRA going like you Jerry?

[mattwellick]

Jerry, how are you feeling about MTB these days?

[joaquinmichel]

I am giving myself the opportunity and try to join your patreon. However, I saw something that said my membership will automatically renew at beginning of the month, which sounds it like I was going to pay for a full month for 1 day worth of content access (given that today is Dec 30th), and then charge again in 2 days (Jan 1st). Can you clarify if membership is best to be started at the beginning of the month, I believe this information may be beneficial for others that, like me, have decided to make the leap. Thank you in advance!

[tripnation]

Nice grocery store but what about JPM? 😉