1 Bank Stock to Buy in 2021

1 Bank Stock to Buy in 2021

There are two major reasons why: an expected improvement in the economy as the year progresses and a resumption of stock buybacks after the Federal Reserve lifted its moratorium in December. One bank stock that falls squarely into the bounceback category is PNC Financial (NYSE: PNC). The Pittsburgh-based bank -- the seventh-largest in the U.S., with about $462 billion in assets under management -- made a big purchase in 2020 and is coming off a strong fourth quarter.