13 Best Performing Bank Stocks So Far In 2025

6. Bancolombia S.A. (NYSE:CIB)

Year-to-Date Performance: 26.22%

Number of Hedge Fund Holders: 13

Bancolombia S.A. (NYSE:CIB) is a financial group in Colombia that ranks among the best-performing stocks in the banking sector. The corporation has a presence in Colombia, Panama, Guatemala and El Salvador. Bancolombia S.A. (NYSE:CIB) offers banking and non-banking solutions for individuals, businesses, and institutions.

On January 28, 2025, Morgan Stanley upgraded Bancolombia S.A.’s (NYSE:CIB) stock rating from “Equal weight” to “Overweight” and also increased the price target to $53, up from the previous $40. This positive outlook on the bank’s future performance is based on the improving economic conditions in Colombia. Morgan Stanley’s economists expect Colombia’s GDP to grow by 2.2% in 2025 and 2.8% in 2026. The interest rates are also predicted to decline to 7.5% in 2025 and 6.8% in 2026 from the current rate of 9.5%. This decrease in interest rates, along with increased consumption, is projected to drive faster credit expansion and overall banking activity. Morgan Stanley’s analysis suggests that Bancolombia S.A. (NYSE:CIB) is expected to benefit from a developing macroeconomic recovery.