It could hardly be a better time to buy bank stocks. Interest rates are climbing, enabling banks to earn much more money from their loans and credit cards. Meanwhile, the economy is improving by leaps and bounds. The latter trend should continue as tens of millions of more Americans are vaccinated against the novel coronavirus. The vaccinations, in turn, should boost the energy, tourism, and transportation sectors, allowing banks to make many more highly secure, profitable loans.
For conservative investors seeking relatively high dividend payments, affordable bank stocks that can climb significantly, and secure names, I believe that large regional banks are the best bet. In addition to meeting all of those criteria, they can also easily become takeover targets. Moreover, all three of the names that I’m recommending were identified in January by Goldman Sachs as being among the best regional bank stocks. Here are three bank stocks to buy: Citizens Financial (NYSE:CFG), Regions Financial (NYSE:RF) and KeyCorp (NYSE:KEY).
Source: InvestorPlace
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