The five mid-sized bank stocks to purchase for dividend income and share-price appreciation also are part of an industry that typically copes well with inflation. Plus, the five mid-sized bank stocks to purchase should benefit from growing customer interest in mortgages that may be stronger vs. pre-pandemic years due to increased demand for home purchases, according to a recent report from BofA Global Research.
Woods told me his favorite way to invest in banks right now is through the Financial Select Sector SPDR Fund (NYSE: XLF). That fund has blitzed the SPDR S&P 500 ETF (SPY) so far in 2021. Capital One Financial (COF), known mainly for its credit cards and the television commercials, also is a significant mid-Atlantic banking presence after buying a regional bank 10-plus years ago. East West Bancorp, Incorporated (NASDAQ: EWBC), of Pasadena, California, has more than 120 locations in the United States and China. First Bancorp Puerto Rico (NYSE: FBP) shares outperformed peers after the company reported 3Q21 core earnings per share of 37 cents, excluding 1-cent in merger charges, beating BofA’s more conservative estimates. New York Community Bancorp (NYSE: NYCB), of Hicksville, New York, is the parent company of New York Community Bank, a New York State-chartered bank.
Source: Dividend Investor
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Five Mid-sized Bank Stocks to Purchase for Dividend Income and Share-Price Appreciation
Posted by D4L | Thursday, November 18, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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