As earnings season approaches, look beyond the big names like Bank of America Corp. (NYSE: BAC), Goldman Sachs Group (NYSE: GS), and Morgan Stanley (NYSE: MS).
Instead, search for smaller, regional banks that have less exposure to global contagion and stronger dividends than their “too big to fail” competition.
Here are the three regional bank stocks to buy before earnings season..
As earnings season approaches, look beyond the big names like Bank of America Corp. (NYSE: BAC), Goldman Sachs Group (NYSE: GS), and Morgan Stanley (NYSE: MS).
Instead, search for smaller, regional banks that have less exposure to global contagion and stronger dividends than their “too big to fail” competition.
Here are the three regional bank stocks to buy before earnings season..
If there's one thing I've learned throughout my more than 20 years in the markets, it's that with some companies, there's more to them than meets the eye.
This was especially the case with Home BancShares Inc. (Nasdaq: HOMB), a regional bank based out of Conway, Arkansas.
On a Friday afternoon back in summer 2016, I was wrapping up my work and heading out for my "ready for the weekend pizza and vino" run when I got an email from Home BancShares chairman John Allison.
Now, I had just published an article about banks that I thought were overvalued at the time based on the price-to-book-value ratio. Mr. Allison's company made the list, and he thought I was a little unfair in that regard.
Don't be mistaken: he didn't chew me out or anything. He's a stand-up guy who wanted to have a thoughtful conversation and provide me with his side of the story.
And let me tell you that if I had a bank, I would definitely want Allison as my CEO...
Every week, the Money Morning Stock VQScore™ system updates investors on the best stocks to buy right now. The system has a proven track record that might be the best on Wall Street.
As we noted last year, if you bought our top-rated stocks in May 2013, you would have made gains of more than 2,573% over the next five years. You read that right.
Every $1,000 you invested back then would be worth more than $25,000 today...
This is an incredibly powerful tool that I use regularly to identify breakout stocks. Earlier this week, I was somewhat surprised to see that one of the world's top financial giants has hit the "Buy Zone."
And we're taking full advantage of one of the biggest bank stocks on the market...
A slew of bank earnings will be released this week, and these reports present a unique profit opportunity today.
So far, things look good for the big banks in 2018. At a glance, BB&T Corp. (NYSE: BBT), M&T Bank Corp. (NYSE: MTB), and Morgan Stanley (NYSE: MS) all topped Wall Street analyst estimates for earnings. It's further evidence that growth and stability have returned to the sector.
And we've found the best way to grab fast profits from these stocks today...
Thanks to a perfect storm of three market catalysts, bank stocks are going nowhere but up in 2018.
Leading the way is the $1.5 trillion tax overhaul signed into law on Dec. 22, 2017.
Bank stocks have had a great run over the last month, gaining more than 11% in that time.
That raises the question: "How much better can they do?"
Money Morning Options Trading Specialist Tom Gentile joined CNBC World to give us the answer.
The bank stocks to watch today are the companies reporting Q1 earnings.
These earnings reports are highly anticipated as the financial sector led the post-election rally.
Here are the three companies to watch today...
The cost of criminality is built into the balance sheets of global financial institutions and accordingly priced into their stocks. Five of the world's biggest banks -JPMorgan Chase, Citicorp, Barclays, UBS, and Royal Bank of Scotland - pleaded guilty to currency rigging in the $5 trillion a day foreign exchange market, and settled for fines totaling roughly $5.7 billion (representing the earnings of about a day or two for each bank).
My continuing search for sectors of the stock market that are trading cheaply and offer the potential for gain has led me to a controversial slice of the market: bank stocks.
Looking at the "Big Four" in the U.S. banking sector, it's easy to conclude that the sector is undervalued...
But that conclusion may be a bit misleading.
Make no mistake - by traditional measures banks look cheap, and their stocks could do fine until the next financial crisis.
But that's the problem. Looking at banks that way ignores the elephant on their balance sheets, and the potential damage to our portfolios.
So what if there was some momentary panic over some Portuguese bank, Banco Espirito Santo, last week and contagion fears spilled out across the globe and markets tanked?
It's all better now. Everything has been cleared up. How do we know? Because the bank's regulators and the country's central bank, Banco de Portugal, are telling us so. It's all contained, they say.
Well, if you're reassured, don't read on - because this is going to <em>ruin your day</em>...
In case you missed the kerfuffle last Friday, Blythe Masters, the 44 year-old, super-smart head of JPMorgan Chase's commodities trading business, declined to sit on the U.S. Commodity Futures Trading Commission's (CFTC's) Global Markets Committee advisory board.
This came as a big surprise.
To continue reading, please click here...
Well Fargo & Co. (NYSE: WFC) stock fell 0.83% Monday, the last trading session before Q4 earnings are released Tuesday before the bell.
We get a fresh read on health of the housing and mortgage markets when Wells Fargo Q4 earnings come out.
Analysts are expecting the San Francisco-based lender to book its 16th consecutive quarter of profit growth. Earnings are projected to have risen 8% year over year.
To continue reading, please click here...
While the big banks may have the attention of the Street right now, it's the smaller regional and community banks that are among the best stocks to buy now.
These small bank growth stocks are starting to show dazzling growth as their balance sheets improve dramatically. And they are still very early in the recovery cycle, so there is still plenty of time for individual investors to catch this train...
To continue reading, please click here...
Some of the best stocks to buy now will profit from rising rates, as the Fed eyes a QE3 end. Here are a few stocks positioned to gain from the move. Read More...
Activist investors get involved in companies to make money – and these new moves put these two banks among the most promising stocks to buy now. Read more...
