There are a few banks that simply have a commanding presence in the world, with household names, billions in assets and a huge sway in the market. And our latest Best Financial Stocks Dividend List pick happens to be one of the best of these run banks!
As one of the largest money-centered banks in the nation, our pick features a plethora of retail and commercial banking deposits, loans and other assets. This huge base has helped boost its cash flows, helping it raise dividends for 10 straight years. Meanwhile, the firm remains one of the old guards with regards to wealth management and trusts services. This continues to give it an edge and has allowed for continued revenue growth over the last few years.
The best part is our pick remains very conservatively managed. While some banks went hard into prop trading and other risky money-making ventures, our pick has stuck to its guns and focused on the core business of banking, making it one of the strongest run banks and a top pick for many guru investors.
In the end, our latest money-centered bank offers a wonderful choice for dividend seekers in the financial sector.
In order to make room for our new banking pick, we’ve been forced to remove a large insurance stock from the list. We have also rebalanced this list by increasing our exposure to two other regional banks.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
