The rate hike of Federal Reserve in 2018 created a positive impression for the investors in the financial sectors and it has played a great role in boosting the financial stocks. So, this year, investors are looking out of the US for investing their money.
Looking for good financial stocks to invest in? Most of the people find it hard to choose good companies for investing their money. If you do not have proper knowledge, you might end up with the wrong one. We understand most of our readers find it difficult to settle for good financial stocks. Here is a list of 7 financial stocks that you should consider investing your money on:
JPM or JPMorgan is trading around 105 dollars. The best thing about the JPM business model is the operating model positions have the ability to outperform in any environment. It features a flexible business model to the clients who mainly focus on cost control, general discipline, strong balance sheet as well as the franchisee level.
In 2018, the JPM was one of the financial stocks that stood out among the others. It has a 9 dollars share as the return on average the real common shareholders. The revenue, as well as the 10 years CAGR earning, is together higher than the Goldman Sachs., Wells Fargo, Citi and Bank of America.
You can understand that this is a great stock for you to invest your money in it. Along with this, the investors do not have anything to complain about as the bank provides top-notch service to the customers.
Recently, the Lloyds Banking Group is being traded at 3.40 dollars. The result was announced by Lloyds on February of this year. In the announcement, the dividend increase along with the 2 billion dollars share buyback was also presented. Market greatly appreciated such friendly move of the company. Showing such transparency to the clients made them one of the best in the industry. Lloyds are forecasting strong profit and return on equity between 14 to 15 percent in the year 2019.
Yes, Citigroup has to be one of the most popular companies that are providing quality service to the customers. According to the report, Mexico gave the results of Citi an efficient lift in the year 2018. This will tend to continue this year as well. Another strong point of Citigroup is Asia. Hopefully, by the second half of the year, the branded card business of this company will perform greatly because of the recent promotional and investment programs.
Overall, it can be said that the discipline of Citigroup will drive highly effective productivity benefits and savings this year. So, it is needless to say that, this is the golden year for the clients who are planning to invest in the financial stocks of this company.
You must be wondering why Wells Fargo is in this list. Well, like everybody else we also remember the credit card scandal. They also had a bad reputation for contending with the stock price. As an investor, it is quite normal to worry about their performance this year.
In this January they launched a public campaign for cleaning up the mess they created in the recent times. This campaign was followed by a fourth-quarter report where it showed how the revenue slipped from 4.9 percent to 20.98 billion dollars yet with a GAAP EPS of around 1.21 dollars estimates.
With the hiring of new Chief Risk Officer, Chief Operational Risk Officer, Head of Regulatory Relations and Chief Compliance Officer, Wells beefed up their risk management division. They spent around 1.8 billion dollars on updating their technology, and cybersecurity management. Therefore, it can be said that they are now pretty well groomed to face the market.
It can be predicted that Wells will cut a good figure in this year in the stock market. We all can rely upon them for this.
Banco Santander is waiting for the Brexit to play out. The government of Britain approved the delay in Brexit but they have rejected the second referendum. So, Brexit is so far off the table for now. The investors are accumulating the stock of SAN very carefully.
If you are looking for financial stocks to invest your money in then Banco Santander can be the one. Are you wondering why? This is because; they have updated their customer services along with all the technologies. So, the popularity of Santander is also increasing among the customers. In recent times, they have added more than 32 million users. And, nearly half of these customers use their digital services on a regular basis.
Visa is one of the most popular companies around the world. It will be hard to find people who have no idea about this company. With the growing credit card transactions, Visa starts to add plenty of income to its account. With the increase of customers in both offline and online platforms, Visa is becoming one of the most popular companies among the investors.
Visa has three huge lines of revenues such as transaction fees, international revenues as well as service fees. The circle of Visa is pretty big and their market is getting bigger day by day.
Just like Visa, MasterCard is also getting huge popularity. This is another favorite of the stock market investors. With relationship over 30,000 banks all over the world, it can be your gold mine. With the upgrading of the digital market and technologies, the use of MasterCard will increase day by day.
Just like everyone if you are struggling in picking financial stocks then know these companies are the one for you. Search on Google by the respective company names to get a more in-depth idea about their process.