Dividends4Life: 5 Top Dividend Stocks in Banks

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5 Top Dividend Stocks in Banks

Posted by D4L | Monday, May 08, 2017 | | 1 comments »

Most banks have come a long way in the years since the financial crisis, and many bank stocks have risen quite a bit over the past year or so. Expectations of rising interest rates, economic growth, and looser banking regulations have created a renewed sense of optimism among investors. Having said that, there are still some excellent long-term opportunities in the sector, many of which also pay attractive dividends. Here are five smart choices for dividend investors who want a piece of the banking sector.

Wells Fargo (WFC) is a longtime favorite of Warren Buffett, mainly for its consistently efficient and profitable operations. Toronto-Dominion Bank (TD), better known as TD Bank, is based in Canada, but has a large and rapidly growing U.S. presence. U.S. Bancorp (USB), the fifth-largest U.S. bank, is another Warren Buffett favorite. New York Community Bancorp (NYCB) is a niche lender. Bank of America (BAC) actually pays the lowest dividend of any bank stock on this list. However, I believe that will change in the not-too-distant future.

Source: Motley Fool

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  1. Charlie // May 8, 2017 at 10:17 PM

    All basically good banks but TD and WFC have scandals and lawsuits, in fact Buffett pulled his request to exceed 10% in WFC. NYCB failed in its attempt to merge with Astoria due to size. I like USB the best and will like BAC better once Buffett exercises his options.

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