Tuesday, June 23, 2020

Invest Black

Some of our more liberal allies who happen to be Caucasian have asked, how can I help? The most efficacious way to help the black community is to #BankBlack.

Invest in black-owned banks and companies. As with any investment in equities, there is risk associated with buying a stake of ownership in a company through the stock market. You should research any investment and consider your investment relative to your risk tolerance and long-term objectives. Your purchase of stock in a black-owned bank or company can help to improve their financial health and ability to grow. And in the long term, your investment can potentially grow, too.


Note: Many black-owned companies are micro-cap or small-cap companies that are thinly-traded and may be listed on the OTC (Pink Sheets) exchange and not on the NYSE or NASDAQ exchanges. As a result, they do not have the same reporting requirements and may carry a higher risk than larger companies traded on the major exchanges. Some OTC stocks may not be available for purchase with your broker.

~ bankblackusa.org

Black-Owned Bank Stocks and Minority Depository Institution Bank Stocks

    American Shared Hospital Services
    Stock Symbol: AMS
    Price per share: $2.18

    Axsome Therapeutics
    Stock Symbol: AXSM
    Price per share: $78.95

    Broadway Financial
    Stock Symbol: BYFC
    Price per share: $2.48

    Carver Federal Savings Bank
    Stock Symbol: CARV
    Price per share: $8.80

    Global Blood Therapeutics, Inc.
    Stock Symbol: GBT
    Price per share: $67.29

    Ping Identity Holding Corp.
    Stock Symbol: PING
    Price per share: $33.27

    Urban One
    Stock Symbol: UONE
    Price per share: $24.74

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