Top 10 Bank Stocks To Own Right Now

tags:HSBA,FCF,WFC,AP,CM,

Dividend growth stocks have obvious appeal. After all, dividend investing is based on buying and holding a stock for the payouts. So if a company can consistently increase its distributions to investors over time, all the better.

Unlike traditional growth investing, where you depend on a stock increasing in value based on profits or sales trends, dividend investing focuses on the payouts above all else. The best dividend stocks to buy offer regular deposits into your bank account, but the best dividend stocks are committed to making those paychecks larger every year.

Think of it this way: If you pay $40 a share and get a $1 annual dividend, you have a 2.5% yield on your investment. But if that payout increases to $1.40 annually after a few years your yield is now 3.5% based on your cost to buy the stock … and if the income growth continues to $1.80 annually, you’re now making 4.5% yield. And all by keeping your money in the same place and depending on bigger payouts!

Top 10 Bank Stocks To Own Right Now: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Stephan Byrd]

  Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

• [By Ethan Ryder]

  HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

• [By Max Byerly]

  HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.

• [By Max Byerly]

  Credit Suisse Group set a GBX 720 ($9.32) price target on HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.

Top 10 Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Chris Lange]

  Wells Fargo & Co. (NYSE: WFC) short interest decreased to 35.71 million shares from the previous reading of 36.20 million. Shares were trading at $56.55, within a 52-week range of $49.27 to $66.31.

• [By Chris Lange]

  And Wells Fargo & Co. (NYSE: WFC) will report its fourth-quarter results before Friday's opening bell too. The consensus estimates are EPS of $1.07 and revenue of $22.3 billion. Shares closed most recently at $62.75, in a 52-week range of $49.27 to $63.05. The consensus price target is $61.74.

• [By ]

  The most noteworthy takeaways from Berkshire's weekend:

  Buffett remains bullish on Wells Fargo (WFC) and CEO Tim Sloan despite its spate of scandals. A CEO for Berkshire's healthcare initiatives with JPMorgan & Chase (JPM) and Amazon (AMZN) is expected to be announced in a few months.  Both Buffett and Munger continue to think valuations on potential targets remain too high. Keep an Eye on PayPal

  PayPal (PYPL) is due for a good session on Monday after CEO Dan Schulman gave a bullish 45 minute interview with Jim Cramer at TheStreet's Investor Boot Camp conference on Saturday. Schulman easily downplayed the threat of Amazon in mobile payments.

• [By Chris Lange]

  Wells Fargo & Co. (NYSE: WFC) short interest rose to 31.18 million shares from the previous reading of 29.85 million. Shares were trading at $54.05, within a 52-week range of $49.27 to $66.31.

• [By Paul Ausick]

  Excluding the company’s stake in Kraft Heinz Co. (NYSE: KHC), its top five holdings at the end of last year were as follows:

  American Express Co. (NYSE: AXP): a 17.6% stake valued at $15 billion with a cost basis of $1.3 billion Phillips 66 Co. (NYSE: PSX): a 14.9% stake valued at $7.5 billion and a cost basis of $5.8 billion Moody’s Corp. (NYSE: MCO): a 12.9% stake valued at $3.6 billion with a cost basis of $248 million Wells Fargo & Co. (NYSE: WFC): a 9.9% stake valued at $29.3 billion and a cost basis of $11.8 billion Coca-Cola Co. (NYSE: KO): a 9.4% stake valued at $18.4 billion with a cost basis of $1.2 billion

  The following are a few of Buffett’s comments from the letter.

Top 10 Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  This photo provided by Tesla shows a 2017 Tesla Model 3, a vehicle that has a semiautonomous driving system called Autopilot. Tesla can update the Autopilot software over the air, not necessitating a trip to a service center. Tesla offers Autopilot on its Model S, Model X and Model 3 vehicles. (Photo: AP)

• [By ]

  Des Moines, Iowa (AP) -- It's been a billion-dollar lottery weekend after a lone Powerball ticket sold in New Hampshire matched all six numbers and will claim a $570 million jackpot, one day after another single ticket sold in Florida nabbed a $450 million Mega Millions grand prize.

• [By ]

  San Francisco (AP) -- A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment.

• [By ]

  The 2018 Subaru Outback, one of the original SUV alternatives. Subaru is well-known for offering cars that can handle themselves when the going gets rough, and its Outback lies squarely in that tradition. (Photo: AP)

Top 10 Bank Stocks To Own Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Motley Fool Staff]

  Canadian Imperial Bank of Commerce (NYSE:CM)Q2 2018 Earnings Conference CallMay 23, 2018, 8:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By Motley Fool Transcribers]

  Canadian Imperial Bank of Commerce (NYSE:CM)Q3 2018 Earnings Conference CallAug. 23, 2018, 8:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By Logan Wallace]

  Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

• [By Logan Wallace]

  A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:

  6/6/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$130.00 price target on the stock, up previously from C$125.00. 5/24/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$124.00 price target on the stock, down previously from C$136.00. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$131.00 to C$127.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from C$141.00 to C$135.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce was given a new C$140.00 price target on by analysts at Eight Capital. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$133.00 to C$138.00.

  CM traded up C$0.59 on Wednesday, reaching C$115.86. 987,570 shares of the stock were exchanged, compared to its average volume of 1,290,708. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.

• [By Stephan Byrd]

  Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.