The economy's current expansion is more than five years old, and some Wall Street analysts think that makes it high time to hunt for good late- cycle bank stocks to buy.

The later phase of a growth cycle tends to feature slackening business conditions after a peak in interest rates. That creates special conditions favoring some banks, and it makes their stocks good defensive holdings for investors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.