Top 10 Bluechip BFSI Stocks in May
The month of May was largely positive for BFSI stocks. The US stock markets remained largely positive positive with minor corrections, and the banking and financial services stocks listed on Nasdaq and S&P500 performed well. Shares of insurance companies and Investment banking drove the stocks in BFSI segment. The top 10 bluechip BFSI stocks were dominated by Insurance followed by investment banking stocks.
In the month of May, the stock list comprised of shares delivered price returns ranging from 6%-19%. Top three stocks delivered double digit price gains in the month of May.
The top 10 BFSI stocks comprises of stocks from Insurance, Investment Banks, and Financial services/Fintech companies listed on Nasdaq and NYSE. Most of these bluechip stocks are constituent of indices such as Nasdaq100 and S&P 500.
Table: Top Bluechip BFSI Stocks
| Company | Symbol | Sector | 01 May | 31 May | Price Gain |
|---|---|---|---|---|---|
| Lincoln National Corp | LNC | Insurance | 27.7 | 33.0 | 19% |
| Fidelity National Info Serv | FIS | Financial Technology (Fintech) & Infrastructure | 67.2 | 75.9 | 13% |
| Invesco Ltd | IVZ | Investment Banking | 14.3 | 15.7 | 10% |
| Chubb Ltd | CB | Insurance | 249.9 | 270.8 | 8% |
| Brown & Brown Inc | BRO | Insurance | 82.7 | 89.5 | 8% |
| Bank of America Corp | BAC | Banking Services | 37.0 | 40.0 | 8% |
| Prudential Financial Inc | PRU | Insurance | 112.3 | 120.4 | 7% |
| Goldman Sachs Group Inc | GS | Investment Banking | 427.0 | 456.5 | 7% |
| Morgan Stanley | MS | Investment Banking | 91.5 | 97.8 | 7% |
| Hartford Financial Svcs Grp | HIG | Insurance | 97.2 | 103.5 | 6% |