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
-
Billionaire Paul Singer has made a fortune shaking up tired businesses. And right now he has a new company in his crosshairs. In industry ci...
-
To live off the passive income from stocks, one of the important things to pay attention to is the company’s distribution policy. Nowadays, ...
-
Utility stocks feature plenty of steady cash flows and high dividends. It doesn’t matter so much what the economy is doing as people still n...
-
The problem is, finding high-quality dividend stocks isn't easy. That's because yield and risk tend to be correlated. In other words...
-
Usually, when a dividend yield is around 10%, it's due to concerns about its sustainability. However, that's not the case with this ...
-
We're now three-fourths of the way through 2019, and it's certainly been an eventful year so far. Although the S&P 500 is up by ...
-
If you review past articles on Income Investors, you might spot a common theme: the best-performing stocks are often those of quiet, unassum...
-
While cash flow can come from bond interest or interest from other types of investments, many income investors hone in on dividends. A divid...
-
If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. UnitedHeal...
-
Q3 earnings season is almost upon us, as the big banks are set to officially kick-off the season in mid-October. Many investors are keeping ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.