This 1 Stock Is Set to Bounce (with 100%+ Dividend Growth) With Rates

Let’s give ourselves a double shot of dividend and share-price growth by diving into a group of stocks I guarantee your friends are missing out on. I’m talking about financial firms—particularly those that buy back their shares. We want to get into these stocks now because Fed Chair Jay Powell just took the shackles off lenders when it comes to buybacks and dividends, after the nation’s 23 biggest banks aced their “stress tests.” (Prior to June 30, the amount a bank could put toward dividends and buybacks couldn’t be more than the average of its last four quarters of earnings.) Repurchasers Roar Back This means we’re lined up for a surge in bank-stock buybacks—and we love repurchases because they cut the number of shares outstanding, juicing earnings per share (EPS).… Read more