These are banking stocks you should buy right now: Analyst
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 Published On Mar 16, 2023

As Wall Street navigates the aftermath of the Silicon Valley Bank fallout, investors are scrambling to find what banks stocks are good investments right now. Regional bank stocks continue their downward spiral, and big Wall Street firms combined have lost nearly $165 billion in market capitalization this month. Goldman Sachs (GS) is a good stock pick right now, according to one analyst. The bank is a "terrific" risk manager, says Devin Ryan, JMP Securities, a Citizens Company, Director of Financial Technology Research. "When you can buy it at book value, it tends to work out long term."

When looking at mid-caps, Ryan suggests looking at Stifel Financial (SF). "They have a very diversified business mix," he says. "They benefit from higher interest rates" and a "nice, natural balance on their business."

For investors prepared to take a longer-term perspective, Ryan suggests advisory boutiques like PJT Partners (PJT). "They have a great growth story," he says. He also recommends looking at Perella Weinberg (PWP), because of their "terrific long term growth."

Key Video Moments:
00:00:01: Goldman Sachs
00:00:25: Stifel Financial
00:00:47: PJT Partners
00:01:05: Perella Weinberg

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