Dividends4Life: 3 Top Dividend Stocks That Wall Street Is Sleeping On

Dividend Growth Stocks News

Rising interest rates are good for banks because it allows them to charge more for lending services. However, if those higher rates squash home-buying rates or push the economy into a recession, banks will suffer. With fear high and stocks already in a bear market, investors appear to be erring on the side of caution.

The S&P 500 Index has fallen into a bear market. Inflation is running hot, and interest rates are rising. There are very legitimate fears that the global economy could get hit by a recession. Canadian banks like Toronto-Dominion (NYSE: TD), Bank of Montreal (NYSE: BMO), and Canadian Imperial Bank of Commerce (NYSE: CM) are still worth a closer look.

Source: NASDAQ

Related Articles:



Post a Comment

Note: Only a member of this blog may post a comment.