CEDEARS: What is the best Wall Street bank to invest after the presentation of Balances

The balances season of the second quarter of the year began strong in Wall Street by the main American banks. In fact, the results were so good and impacted so well on their actions that the market began to wonder which of all those who have Yields It should be invest.

How to the main Wall Street banks

First of all, JP Morganthe largest bank in the country, reported income from U $ 45,680 million and a net benefit of US $ 14,487 million10% and 17% less than in the same period of the previous year, respectively, but higher than those estimated by analysts.

Meanwhile, Bank of America registered income from U $ 26.5 billion and a gain of US $ 7,100 million. In this case, there were year -on -year increases of 4% and 3%, respectively, which also allowed the market forecasts to exceed.

In addition, Wells Fargo He released income from U $20,822 millionalmost the same as in the second quarter of 2024, and a net benefit of U $ S5.494 million12% more year after year. The results were also higher than those projected by experts.

And of the four great commercial banks, the last to publish his balance sheets was Citiwhich revealed income from U $ S21.7 billion and a benefit of U $ 4,000 million. Since the same period last year, the improvements were 8% and 25%, in that order. The figures also met expectations.

What yields banking shares buy

In general, the most important banks in the United States reported solid quarterly balances, but specialists consider that Only one deserves to be bought facing the long term through its yields.

“For those who seek to position themselves in the financial sector, JP Morgan probably represents today the opportunity with the greatest potential for structural growth. His global leadership, his strength in all business lines and their ability to continue generating value even in challenging scenarios are located by a step above the rest,” he said Diego Matianichdirector of Dima Argentina Capital.

“JP Morgan is consolidated as one of the most attractive options within the universe of Wall Street banks to invest through Cedears. The entity reported better results to those expected, driven by a rebound in revenue by trading and investment, in a context of greater volatility and improvement in the market risk appetite,” he said Tobias SánchezAnalyst in Capital Cocos.

For its part, Martin d’Doricodirector of Guardian Capital, clarified that It is always important to diversify to reduce potential losses. And to do it within the banking sector, there is a index that also lies how to yield.

“At the time of investing in banks, diversification is key. History showed that a bad strategy, especially in areas such as trading or risk management, can lead to strong falls in the stock market capitalization of an entity. For those who seek greater diversification, we recommend yielding XLF, which replicates the banking sector index. It has more than 20 banks, which would decrease considerably the volatility,” he explained.