Now, to be sure, bank stocks have been rallying since the U.S. election in early November, as a Trump presidency fueled optimism on Wall Street for deregulation and lower taxes. Friday’s news, however, marks the first concrete step Trump has taken towards loosening the regulatory noose on banks, making now a great time to revisit the usually juicy sector. With that in mind, here are five dividend bank stocks that flew on Friday, and which could keep flying under Trump...
Of all the big banks, financial holding company Morgan Stanley (NYSE:MS) rallied the most on Friday, jumping 5.5%. Over the past year, MS stock is up a whopping 72%. The next big gorilla bank on our list is Goldman Sachs Group Inc (NYSE:GS), which saw its shares jump 4.6% on Friday. Next up is financial holding heavyweight JPMorgan Chase & Co. (NYSE:JPM), which popped 3.1% on Friday and has now gained about 29% over the past three months. Behemoth Citigroup Inc (NYSE:C) also got in on Friday’s bank bonanza, with its shares gaining 3.2%. Rounding up our list this week of white-hot bank stocks is giant Wells Fargo & Co (NYSE:WFC), which gained 2.7% on Friday.
Source: IncomeInvestors
Related Articles:
- All Investments Carry Risk
- Warren Buffett's Two Investing Rules For Dividend Investors
- Dividend Stocks vs. Dividend ETFs
- Managing Risk With Dividend Stocks
- If Only I Had Known About These Dividend Stocks...
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
High dividend yields are harder to find lately, given the long-running stock market rally. But that scarcity doesn't mean investors have...
-
One little-known tax loophole allows Americans to collect large, growing distribution checks from the government. And investors can begin ea...
-
The U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal...
-
Every investor needs a security blanket -- that piece of the portfolio that needs no attention and doesn't keep you up at night. Busines...
-
The one knock against this midstream company is its higher risk profile compared with its peers. It has been working to address that issue b...
-
I love buying dollar bills for $0.80. Of course, you don’t find many chances like that in the stock market. Whenever such a great deal arise...
-
Technology is the alchemy of the stock market. It is where companies turn worthless silicon into incredible new and expensive gizmos and dev...
-
Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth c...
0 comments
Post a Comment
Post a Comment