In this article, we will discuss the top 12 American bank stocks recommended by analysts. If you want to skip the details and get straight to the list, you can jump ahead and read about the 5 best American bank stocks to buy according to analysts. The American banking industry has been a major focus in the stock market for the past few years. This is due to various reasons and events, including the Federal Reserve’s interest rate hikes and the impact on the economy and stock market. The recent turmoil in the banking industry has once again brought attention to this sector.

One of the main reasons for this turmoil is the Federal Reserve’s actions to raise interest rates, which has tightened monetary conditions and affected businesses and consumer spending in the United States. This has also led to banks being more cautious and careful with their financial statements and assets. This trend first emerged in 2023 during the regional banking stock crisis and has resurfaced in 2024. In January, the stock of New York Community Bancorp, Inc. (NYSE:NYCB), a regional bank, dropped significantly due to troubles in the real estate sector, particularly in office real estate.

The pandemic and the rise of remote work have caused turbulence in the office real estate market, which has been further impacted by the Federal Reserve’s actions to control inflation. This has led to banks like NYCB increasing their reserves to protect against potential losses in the real estate market. As a result, the bank reported a net loss in the fourth quarter and its stock has dropped by 44%. This trend is not limited to the US, as Japanese bank Aozora Bank, Ltd. (OTC:AOZOY) also reported similar troubles.

In conclusion, the recent turmoil in the banking industry, particularly in the real estate sector, has affected American bank stocks. It is important to keep an eye on these developments and consider the recommendations of analysts when making investment decisions. For more insights on the impact of AI on the financial markets, you can check out our article on Analysts Say These 13 AI Stocks Will Skyrocket in 2024.  

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