Stock picks to buy: Financials, bank picks from most accurate analyst - Business Insider

Some of the major issues challenging the sector include, but are not limited to: a amid the coronavirus pandemic; uncertainty around banks' credit losses because of projected loan defaults and the reserves set aside to cover those losses; and low US interest rates.

Here are the five stocks he noted in a recent report to clients, which he deemed his picks heading ahead of earnings.Truist Financial, the bank created out of the merger between BB&T and SunTrust that closed last December, is one of Usdin's top large-cap stock picks ahead of earnings season. He also expects Citi, which is scheduled to report second-quarter earnings on July 14, to continue growing its market share in investment banking and trading.

Usdin expects KeyCorp, which operates KeyBank, to show solid loan growth, and expects "flattish" costs as recent cost-saving measures offset expenses around digital efforts. That appears "to be in the rearview," Usdin wrote, and the firm overall is showing better growth prospects and stronger credit quality.

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