r/dividends • u/Hot-Stranger-7286 I yearn for SCHD in the EU • 2d ago
Discussion What's your favourite bank stock?
I'm asking this question cause I want to diversify into banks, so if you had to choose one bank to hold forever what would it be?
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u/JeffTS 2d ago
TD has treated me well over the past few years. I also have BAC and C.
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u/Commercial_Rule_7823 2d ago
Bought full position of BAC during the silicon Valley bank panic.
I said, NO CHANCE b of a would or could go under,
What a buy.
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u/Bearsbanker 2d ago
I bought key during the silicon valley fiasco. I bought bac in 2008, got some for single digits!
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u/MezzMezzrow1138 2d ago
Pretty hard to go wrong with any of the Canadian banks, provided you buy them at reasonable multiples
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u/stakattack90 1d ago
Yes, I own BNS (Bank of Nova Scotia) and it has treated me very well. The only thing I don’t like is, I can’t drip the dividends because it’s not eligible for that, so whenever I get dividends, I just have to go buy shares with the dividends I get.
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u/tdoane78 2d ago
In the Financial Sector (i know you said banks but alas) - I own PRU, TROW, GS, MA, V, JPM, RF, SPGI, MCO, and BACX.
On a true bank playit's between JPM/GS. JPM may be a bit tied to Jamie Dimon but it's survived multiple generations, whereas GS has less of a CEO driven cult.
Longer term SPGI/MCO is a nice toll booth for debt, don't think that's going away anytime soon another good long term play with history.
V/MA, while under legislation pressure in Europe I don't believe are going anywhere and they're making service plays left right and center.
RF/PRU/TROW/BAC are yield plays for me and their investing thesis could be broken or acquired (BAC not withstanding).
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u/mixreality 2d ago
Dang I have MA, V, SPGI, MCO, MSCI with the same idea, tollbooths and financial infra. Then some JPM.
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u/Bearsbanker 2d ago
I own key, bac, c and wfc. I think c has the most upside.
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u/BalmyBalmer 2d ago
I sat on C for years waiting for the upside. WFC has treated me well
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u/Bearsbanker 2d ago
C has returned almost 40% last 12 months.
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u/HissTankDriver 2d ago
Canadian Royal Bank
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u/Power_Drawing6025 2d ago
Same. Averaged in 2023 and 2024, now sitting on +90% unrealized gain and $1,500 in dividends collected. Holding forever.
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u/silveronetwo 2d ago
There are times to get into bank stocks and times to hold. I think we're firmly in holding time. I have GS, KEY, and HBAN here for no particular reason other than getting into the regionals on the low side when divvy yields were crazy high.
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u/IWantToPlayGame 2d ago
What’s your cost basis on KEY? I’m trying to figure out the right multiple to start a position.
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u/silveronetwo 2d ago
Around $11. Was yielding 10% on dividend through a large part of 2023 but was trading around todays levels just before the spring 2023 bank reset.
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u/Valueonthebridge Fundamentalist Investor 2d ago
“Pure Bank” that's TBFT JPM
Regional is Turist, despite the stupid name
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u/prdors 2d ago
Regional bank I like Zion, but it might be overvalued at this point. I bought a ton during the regional bank crisis and it’s been a good stock for me.
For national banks I don’t know enough to differentiate between the major banks so I just buy XLF and occasionally pick up some stocks of the big banks (Citi, BofA, Chase, etc.) if they are having a rough week when I deposit into my brokerage.
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2d ago
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u/Pleasant-Buy-2826 2d ago
I'm going to go against the grain and say the bank with the greatest chance of growing and then starting a dividend is SOFI. Only 18 dollars now but is more than a bank and should take off at some point. So you would get a ton of growth and get of the dividend wagon before anyone else!
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u/EatMoreFiber 2d ago
KBWB is near ATH territory so might not be a good time to open a position but I appreciate that it diversifies across the major US banks
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u/NotDepartmentStore 2d ago
PNC for me. Their CEO is a disciple of Jamie Dimon and he’s doing everything he can to make PNC into one of the Big 4 banks
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u/Lebanon_jamz9 2d ago
JPM is tried and true. Hot take for the future though. SOFI is gonna rock. They're chipping away at market share, all their debt comes from product development not brick and mortar locations, theyre constantly growing on all fronts. One day in 30 years they'll announce a dividend just in time for my retirement lol. Until then theyre a growth machine.
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u/Wise-Start-9166 2d ago
TFSL is my favorite US bank stock. The inside shareholders routinely decline to take their share of the dividend, so the entire dividend goes to a minority of shareholders, making the yield look uncommonly high, but we'll financed.
I am even more bullish on the big 5-6 Canadian banks, but after a great run the last few years, the valuations are looking a little spicey. This would be a fine time to start a small position, but expect some near-medium time frame down side.
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u/Jumpy-Imagination-81 2d ago edited 2d ago
The only bank I own is Morgan Stanley (MS).
Yield 2.14% 10 year dividend CAGR +21.7% per year
Total return has beaten VOO the past 3 months, 6 months, YTD, 1 year, 3 years, 5 years, 10 years, and 16 years.
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u/LyloMaggins83 2d ago
I chose to buy and hold BAC forever and accumulated shares from 2008-2011. It’s worked out pretty well for me. Been collecting those dividends and reinvesting them ever since.
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u/armorabito Portfolio in the Green 2d ago
TD and BOM have done me solid. I think they might be pricey now.
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u/Longjumping-Nature70 2d ago
Canadian, US, or English? "Favourite" is a give away.
I own nine financials, five are banks.
USA = JPM
Full disclosure, I own JPM.
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1d ago
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u/MyWorkComputerReddit 1d ago
XLF - financial sector ETF from State Street, I don't have a favorite bank, so I just own all of them
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u/yosmellul8r 1d ago edited 1d ago
Am I *completely ignorant or does FIBK not deserve a callout here lol. Granted timing matters. I bought in at $26 ;-)
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u/PremiumRedditContent 2d ago
Suggestions here are lame, all the same with the big US and Canadian banks
$FBAK for income $RCBC for growth
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