5 Bank Stocks Set to Rebound With Vaccine-Driven Economic Recovery

Article by Radhika Saraogi – Zacks. December 24, 2020.

The year, which remained mostly turbulent, is finally ending on an optimistic note. Rollout of coronavirus vaccine has instilled confidence of resumption of normal activities, thereby supporting economic recovery. Also, it has set the stage for bank stocks to witness a stark rebound in 2021.

Robert Redfield, director at Centers for Disease Control and Prevention, stated that more than a millionAmericans have already received the first dose of vaccine with the government targeting for 100 million people to be immunized by the end of first-quarter 2021, and another 100 million by the second quarter.  In this aspect, U.S. government announced a second agreement yesterday with Pfizer PFE and BioNTech BNTX to buy additional 100 million shots, expected to be delivered by July 2021. […]

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