Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 6% Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended holding three high-yielding financial stocks: Hope Bancorp, Inc. (NASDAQ:HOPE), Regions Financial Corporation (NYSE:RF), and The Western Union Company (NYSE:WU). These stocks have dividend yields of 6.72%, 6.77%, and 7.08% respectively. However, both Hope Bancorp and Regions Financial reported weaker-than-expected Q3 earnings, while Western Union is expected to release its Q3 results soon.
October 25, 2023 | 11:49 am
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NEUTRAL IMPACT
Hope Bancorp has a high dividend yield of 6.72% but reported weaker-than-expected Q3 earnings. Analysts maintain a neutral rating.
Despite the high dividend yield, the weaker-than-expected Q3 earnings could negatively impact the stock price. However, analysts maintain a neutral rating, indicating they do not expect significant price movement in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The Western Union Company has a high dividend yield of 7.08%. The company is expected to release its Q3 results soon. Analysts have a neutral rating on the stock.
The high dividend yield is a positive factor for the stock. However, the upcoming Q3 results could impact the stock price depending on whether they meet, exceed, or fall short of expectations. The neutral rating from analysts suggests they do not expect significant price movement in the short term.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Regions Financial has a high dividend yield of 6.77% but reported worse-than-expected Q3 financial results. Analysts have downgraded the stock to neutral.
The high dividend yield is a positive factor, but the worse-than-expected Q3 results could negatively impact the stock price. The downgrade by analysts to neutral suggests they expect the stock price to remain stable or potentially decrease in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100