We’re seeing some inflationary pressure right now… And while that can put a damper on consumer stocks from a historical perspective, it actually creates a wider profit margin for bank stocks.
When inflationary pressure hits, there’s a higher margin possible between the rates at which banks can borrow, and the rates at which they can lend. And that creates more profits for banks.
I covered bank stocks recently, and for good reason. They’re not only reporting strong earnings, they’re outperforming.
That’s why I want to share two overlooked bank stocks that are deserving of your attention right now due to all of this inflationary pressure.
Inflationary Pressure Is Boosting These 2 Bank Stocks
Bank stocks are no longer just about savings and loans. Even your regional banks are jumping into the investment game. And with the markets getting stronger, it’s another great source of revenue for them.
And the first bank stock I want to bring to your attention today is Fifth Third Bancorp (Nasdaq: FITB).
Fifth Third is a diversified financial services company headquartered in Cincinnati, Ohio, that operates four businesses: commercial banking, branch banking, consumer lending and wealth and asset management.
It’s one of the top regional banks in the country, serving 10 states in the U.S. and managing almost half-a-trillion dollars.
When I’m looking at stocks that have a dividend, one of the things I look for is a five-year dividend growth rate of 100% or more… Because it shows not only strong growth, but steady growth. And Fifth Third’s is 107%!
Its price is near all-time highs and momentum levels are also strong.
The second stock I’m looking at is a global financial intuition that offers banking insurance and asset management to private corporations and institutional clients. And with over $1 trillion under management, it’s a significant international player.
Check out my short video below for all the details.
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