It’s the beginning of a new quarter, and that means it’s time for earnings season. A few years ago, the big banks became the official group to kick off the season of reporting profits and guidance figures. And this quarter is poised to be a big one!
With the pandemic abating and the economy starting to grow, the major regional and community banks are poised to report potentially record profits, top-line loan growth, and hefty cash flows – all the things that dividend investors should be drooling over.
The best part, however, could be in their guidance figures.
With better days predicted ahead, courtesy of a Fed rate hike and strong economic numbers, the big banks may be poised to begin releasing more of their reserved capital to investors as dividends. With their low valuations and growing yields, the banks are a big-time buy.
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