Investors have begun to go on a banking stock buying binge as of May 2021, with about $32 billion dollars invested in broad financial companies as early as May. Morgan Stanley, Bank of America Corporation, and The Goldman Sachs Group, Inc. are among the bank stocks that investors are flocking to right now. Investors looked at consumer confidence statistics in June to re-establish their faith in bank equities. In July, bank stocks once again aided the FTSE’s recovery after it plummeted in the wake of coronavirus outbreaks, reigniting fears of yet another economic downturn. To highlight some of the more popular stocks to invest in, we’ve produced a list of the finest bank dividend stocks.
Insider Monkey takes a look at the 10 best bank dividend stocks. KeyCorp is ranked 10th. In July, a Keefe Bruyette analyst took over coverage of KeyCorp. On the stock, he has a Market Perform rating and a $21 price target. This July, David Konrad of Keefe Bruyette began covering Citizens Financial Group, Inc. with an Outperform rating and a $54 price target. On the list of the best bank dividend stocks, the company is ranked 9th. U.S. Bancorp is ranked eighth. In light of the company’s good Q2 performance, Oppenheimer’s Chris Kotowski boosted his price objective on US Bancorp shares in July. Bank of New York Mellon Corporation is ranked seventh. The stock has risen 20.88 percent in the last six months and 19.86 percent so far this year. Goldman Sachs Group, Inc. is ranked sixth. The corporation is headquartered in the United States and comes sixth on the list of the best bank dividends this year. For more details, click 10 Best Bank Dividend Stocks.