With banks down a sharp 20%, 4 top dividend stocks to buy
capitalization, and it is a ubiquitous presence in the United States.
The Merrill Lynch brokerage arm has continued to supply the bank with outstanding revenues and growth.
The company provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations and governments in the United States and internationally.
Operating 5,100 banking centers, 16,300 ATMs, call centers, online and mobile banking platforms, the company continues to open new markets and expand share, which Jefferies feels it excels in.
CEO Brian Moynihan has met numerous times over the past year with Wall Street and many analysts came away feeling good about the overall outlook for the bank. With the potential for strong commercial lending and credit card originations, and trading at 9.4 times 2016 estimated earnings, the stock makes good sense now. Deutsche Bank cites the bank’s good expense management, loan growth and the valuation as positives.
Bank of America investors receive a 1.48% dividend. The Deutsche Bank price target for the stock is $17, and the Thomson/First Call consensus target is $17.45 The stock closed on Friday at $13.54. entities, including corporate banking, real estate finance and asset-based lending; and wealth management and asset management. With consistent earnings growth and a very positive and growing loan portfolio, the company is a premiere super-regional bank stock to own.
Wall Street analysts point to numerous positives, including the bank implementing huge cost savings plans. The bank is working on up to $100 million of new savings announced last year, and it is also applauded for outstanding credit/risk management and the limited exposure to the capital markets related areas, while focusing on traditional banking.
Top analysts also cite the bank’s impressive Basel III common equity tier 1 ratio of 10.0% for the fourth quarter of 2015, which well exceeds the 8.5% level that they feel PNC needs to run a conservative but very profitable bank.
Shareholders receive a 2.43% dividend. The Deutsche Bank price target is $99, while the consensus target is $97.10. Shares closed Friday at $87.30.