Invest in finance stocks: A list of finance stocks to buy in 2024

The best finance stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular finance stocks picks to buy in 2024

We round up a selection of stocks in or related to the finance industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. JPMorgan Chase-and-Co (JPM)
2. Visa IncClass A (V)
3. Mastercard (MA)
4. Bank of America (BAC)
5. Wells Fargo-and-Company (WFC)

Not sure which stock to invest in? Choose a stock picking service

Stock picking services use algorithms, data analytics and expert insights to identify promising stocks, aiding investors in strategic decision-making.

If you don't have the time or expertise to research stocks on your own, consider stock picking services and research tools to help you choose.

Take a deeper dive into finance stocks

If you're interested in investing in the finance industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. JPMorgan Chase-and-Co (JPM)

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).

JPMorgan Chase-and-Co stock opened the day at $193.57 after a previous close of $193.37. The latest price was $193.49 (25-minute delay). JPMorgan Chase-and-Co is listed on the NYSE, has a trailing 12-month revenue of around USD150 billion and employs 311,921 staff.

• Market capitalization: $554,543,153,152
• P/E ratio: 11.6524
• PEG ratio: 3.3555

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2. Visa IncClass A (V)

Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Visa IncClass A stock opened the day at $275.01 after a previous close of $275.16. The latest price was $274.52 (25-minute delay). Visa IncClass A is listed on the NYSE and has a trailing 12-month revenue of around USD$34.1 billion.

• Market capitalization: $562,718,375,936
• P/E ratio: 30.7629
• PEG ratio: 1.7083

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3. Mastercard (MA)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions. It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from a physical card and leverages the credit limit of the funding account; a platform to optimize supplier payment enablement campaigns for financial institutions; and treasury intelligence platform that offers corporations with recommendations to enhance working capital performance and accelerate spend on cards.

Mastercard stock opened the day at $462.91 after a previous close of $462.11. The latest price was $462.42 (25-minute delay). Mastercard is listed on the NYSE, has a trailing 12-month revenue of around USD$25.1 billion and employs 33,400 staff.

• Market capitalization: $431,462,580,224
• P/E ratio: 39.0625
• PEG ratio: 1.5569

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4. Bank of America (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.

Bank of America stock opened the day at $37.93 after a previous close of $37.91. The latest price was $37.83 (25-minute delay). Bank of America is listed on the NYSE, has a trailing 12-month revenue of around USD$93.4 billion and employs 212,335 staff.

• Market capitalization: $301,458,456,576
• P/E ratio: 13.2138
• PEG ratio: 3.6935

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5. Wells Fargo-and-Company (WFC)

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses.

Wells Fargo-and-Company stock opened the day at $59.78 after a previous close of $59.93. The latest price was $59.91 (25-minute delay). Wells Fargo-and-Company is listed on the NYSE, has a trailing 12-month revenue of around USD$77.6 billion and employs 224,824 staff.

• Market capitalization: $212,201,816,064
• P/E ratio: 12.625
• PEG ratio: 23.6771

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How to invest in finance stocks

1. Choose a stock trading platform. If you don't already have a stock trading account, go straight to the best stock trading apps of 2024 and choose one.
2. Go through the sign up process. Sign up for an account by providing your personal information.
3. Set up a funding method. Once you are all set up for transactions, you can deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like JPM or V.
5. Place your order. Buy the stock. It's that simple.

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Bottom line

While it’s possible to turn a profit investing in finance stocks, keep in mind that — like any investment — finance stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the finance industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

A to Z list of finance stocks