These bank stocks yield more than 5% — and they are ‘poised to thrive,’ Piper Sandler says

Regional bank stocks are having an underwhelming year, but investors who are on the hunt for good dividend payers might find a few gems, according to Piper Sandler. The SPDR S & P Regional Banking ETF is off by about 1% in 2024, paling in comparison to the tech-driven 17% surge for the S & P 500 . But don't just focus on the banks' performance — their rich dividends can help boost investors' portfolios.

Fitzgibbon highlighted several reasons why his team prefers the Boston-based bank. "We believe that Brookline is a high-quality commercial bank with steadily improving profitability metrics," he wrote. "We think BRKL operates in desirable markets and is situated well to take share from larger banks." Fitzgibbon also thinks the company "manages risk well" and should pull through the current environment better than most banks.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Buy these cheap quality stocks for the third quarter, says Piper SandlerWith a cloudy horizon for both the economy and the stock market, investors should lean on fundamentals, according to Piper Sandler.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »