The banking industry is gradually regaining its footing. In the first quarter of, earnings growth for the S&P 500 outperformed expectations in the financial industry. Morgan Stanley, Bank of America Corporation, JPMorgan Chase & Co., and Goldman Sachs Group are once again gaining popularity among investors. The financial services industry is starting to get some breathing room. Around $32 billion has been invested in broad financial stocks as of May. As of May 2021, the KBW Nasdaq Bank Index had increased by 35%, whereas the S&P 500 had only increased by 10%.
Insider Monkey looks at the 10 best financial stocks that pay dividends. The Goldman Sachs Group, Inc. is ranked 10th on our list of the best dividend-paying financial companies. Consumers all across the world benefit from the company’s investment management, securities, asset management, and related services. It’s also up 36.30 percent in the last six months and 41.45 percent so far this year. The Blackstone Group Inc. is ranked 9th on our list of dividend-paying financial firms. The company’s revenue was $2.12 billion, up 90.29 percent year over year and $201.17 million higher than analysts’ expectations. Apollo Global Management, Inc. is ranked 8th on the list of the best dividend-paying financial stocks. The firm is situated in New York and provides alternative investment management services all around the world. It is up 20.86 percent in the last six months and 24.43 percent for the year. KeyCorp is ranked 7th on the list of the best dividend-paying banking stocks. Jill Shea of Citigroup assumed coverage of KeyCorp with a Neutral rating in July and has expressed optimism about regional banks’ ability to enhance their returns. The Bank of Nova Scotia is ranked 6th on the list of the best dividend-paying financial stocks. The corporation is known as Scotiabank and is one of Canada’s Big Five banks, as well as the country’s third-largest bank. For more details, click 10 Best Financial Stocks That Pay Dividends.