The article discusses the strong fourth quarter earnings reported by major banks like JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. However, it notes that these banks now appear fully valued at around 11 times earnings. As a result, investors are encouraged to consider super regional banks, which offer more attractive dividend yields and exposure to growth markets. Institutions like Comerica and U.S. Bancorp are highlighted for their potential as appealing investment options compared to their larger counterparts.
With strong earnings, banks like JPMorgan Chase and Bank of America appear fully valued, prompting a shift towards super regional banks which offer better investment opportunities.
The big money center banks have become comparatively rich with valuations of around 11 times earnings, leaving investors cautious about new investments.
Super regional banks such as Comerica and U.S. Bancorp provide 4% dividend yields and exposure to growing markets, making them attractive for investors today.
While the big banks posted excellent earnings, one should consider diversifying into super regional banks, which may offer more appealing investment options right now.
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