An interest rate hike was recently announced at the Federal Reserve Open Market Committee meeting recently. This isn’t a surprise as it has been anticipated. For the fourth time in a year, the federal funds rate has increased. Some stocks will benefit from the higher rates. If you’re interested in making an investment, but you’re not familiar with all of the terms that accompany analysis of stock market trends, there are some choices that are better than others. Cutting through the technical jargon is helpful for those who are new to investing in the market, although it’s wise to start building your vocabulary and knowledge of how the stock market works.
We’ve gathered information from analysts in the market who understand how to consider trends and make predictions about the future behaviors of financial institution. Taking into consideration their recommendations, we’ve chosen the five bank stocks that are believed to be the best bets for investors for the 2019 year. Bear in mind that any investment in the stock market is a gamble, but some stocks are more certain than others and have a lower likelihood of under-performing. Here are the most highly recommended.
1. US Bankcorp (USB)
This stock has a market cap of $76.4 billion. It is expected that the company will experience a growth rate of 7.5% over the long term. US Bancorp headquarters are located in Minneapolis, Minnesota. They have a high confidence level for maintaining stability. US Bancorp has maintained a steady performance rate and it is considered to be one of the lower risk bank stocks for investors.
2. Zions Bancorporation (ZION)
Zion’s Bancorporation, National Association has a market cap of $7.8 billion. The company is based out of Salt Lake city, Utah. Analysts project a good outlook for the company. They expect that the long term earnings will grow at a projected rate of 8.7%. Of all the bank stocks recommended in our listing of the top five, Zion’s Bancorporation is estimated to hold promise of the greatest long term growth rate in earnings over the long term.
3. Columbia Banking System, Inc. (COLB)
Columbia Banking System, Inc is a financial institution that is headquartered in the Pacific Northwest in Tacoma, Washington. It has a market cap of $2.6 billion. Analysts expect Columbia Banking System to have a company earning growth rate of 7% over the long term. Columbia Banking System has been included in our list as one of the more stable bets because of its past performance and the long term growth in earnings that is expected.
4. Webster Financial Corporation (WBS)
Webster Financial Corporation is based out of Waterbury, Connecticut. The market cap for the company is $4.6 billion. Experts are predicting that the long term growth rate of the company’s earnings will grow at a 8%. Webster Financial Corporation is another of our picks as a safe bet for investing in stock over the 2019 period. As with the other bank stocks in our list, they also have the greater potential for performing well over the long term and delivering a return on investment.
5. Fulton Financial Corporation (FULT)
Fulton Financial Corporation is headquartered in Lancaster, Pennsylvania. The market cap is $2.7 billion. It is expected that their long terms earning growth rate will be at 8%.
Fulton has lower market cap than Webster, but it is believed that it will experience an earnings growth rate that is equal to Webster and it’s likely to be yet another safe bet for investors looking for a safe bank stock to bet on in 2019.
These are the five top picks for bank stocks identified as sure bets for 2019. We’ve provided you with the basic information about each, but you’re encouraged to look more closely into each of the options. While any stock investment is considered to be risky, these are among the lowest risk stocks. The odds of the experts being wrong are remote. Each selection is a company that is considered to be on solid financial footing with strategic plans that will ensure their continued growth and prosperity in the financial industry.