According to S&P Global Market Intelligence’s report, Barclays analysts predicted that bank stocks would outperform the market in a sector-outlook report on banking and financial services stocks in January. Analysts expect positive trends in the banking sector in the near future, including loan growth and low deposit betas. In the first five trading days of January, the S&P 500 financials sector gained 5.4 percent. This was the best start to the year for the industry since 2010. According to current market trends, investors are looking to add more financial services stocks into their portfolios.
Insider Monkey selected bank dividend stocks with strong dividends. The Bank of New York Mellon Corporation is one of the most popular dividend-paying bank stocks. Customers can take advantage of the bank’s custody, trust, and depositary services, as well as its accounting and exchange-traded fund offerings. Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management are all divisions of JPMorgan Chase & Co. Nine years in a row, this bank stock has increased its dividends. Other financial products and services are also offered by the company, including capital raising and financial advisory services. Earnings for the fourth quarter of fiscal year 2021 were $2.08, beating expectations by $0.12. It brought in $14.52 billion in revenue. In the United States, KeyCorp offers retail and business banking services and products. Investing in bank dividend stocks is one of the safest ways to broaden your portfolio. Also exceeding expectations, the company’s fiscal fourth quarter of 2021 EPS was $0.64. Personal deposits, cash management, and investment products are some of the services offered by Toronto-Dominion Bank. An EPS of $1.63 and a revenue of $8.06 billion are shown in the company’s financial records. For more details, click 10 Bank Dividend Stocks To Diversify Your Portfolio.