The financial sector is sometimes considered the bellwether of the economy. In the most recent quarter, banks did especially well, so may be time to consider banking stocks for your portfolio. UBS Group (UBS) and Credit Suisse (SIX:CSGN) (CS) are two top bank stocks, but which is the better buy right now? Read more to find out.Bank stocks are taking center stage now that the top financial institutions compete for the onslaught of consumer spending. Consumers had record savings rates this past year while quarantining indoors during the pandemic.
Now that the economy is building momentum, top banks will extend loans and catalyze ongoing economic activity all the more. Perhaps the only thing that can stop the banks from raking in cash in the year ahead is a major economic recession spurred by COVID variants that breakthrough vaccine protection.
UBS Group (UBS) and Credit Suisse (CS) are two bank stocks worthy of investor attention as of the second week of August. Below, I'll provide a look at each of these stocks to help investors make the right choice.