We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Finance Stocks to Buy Ahead of Q2 Earnings: BLK, BK, STT
The financial sector will take center stage next Tuesday, July 15, with Q2 results from most of the major domestic banks set to be released.
Underlying the spotlight, several of these finance stocks currently sport a Zacks Rank #2 (Buy) ahead of their quarterly reports and are worthy of consideration outside of the three big banks that will be reporting, which include JPMorgan (JPM - Free Report) , Citigroup (C - Free Report) , and Wells Fargo (WFC - Free Report) .
Major Regional Bank Stocks to Consider
At the moment, the Zacks Banks-Major Regional Industry is in the top 5% of over 240 Zacks industries, with State Street (STT - Free Report) and The Bank of New York Mellon (BK - Free Report) being two standouts.
As renowned holding companies, both provide a wide range of financial products and banking services for institutional investors, including high-net-worth clients. Furthermore, State Street and New York Mellon are expected to post double-digit EPS growth in fiscal 2025 and FY26, with their Q2 reports expected to reflect 10% and 15% earnings growth, respectively.
Steady sales growth also suggests State Street and New York Mellon will be able to sustain their industry-leading operational efficiency, with STT and BK recently hitting new 52-week highs and offering respectable dividend yields that are over 2%.
Image Source: Zacks Investment Research
BlackRock - The Leading Investment Management Firm
As the world’s largest asset manager, BlackRock’s (BLK - Free Report) expansive growth is expected to continue when the company reports its Q2 results next Tuesday. Having more than $11 trillion in assets under management (AUM), BlackRock’s quarterly sales are thought to have increased 12% year over year to $5.38 billion, with Q2 EPS expected to rise 5% to $10.86.
Notably, BlackRock’s Zacks Financial-Investment Management Industry is currently in the top 20% of all Zacks industries. Glamorizing its industry dominance, BlackRock’s annual earnings are slated to rise 5% this year and are projected to increase another 12% in fiscal 2026 to a whopping $51.75 per share. This is accompanied by expectations of 11% sales growth in FY25, with BlackRock’s top line projected to expand another 15% in FY26 to $26.16 billion.
Image Source: Zacks Investment Research
Hovering near a 52-week high of over $1,100, BlackRock stock offers a generous 1.89% annual dividend yield that equates to $20.84 per share. More intriguing, BlackRock’s 46% payout ratio suggests there is plenty of room to boost its dividend in the future, especially considering the company’s superior operational performance.
Image Source: Zacks Investment Research
Bottom Line
Ahead of their Q2 reports on Tuesday, July 15, these top-rated finance stocks look poised for higher highs. Correlating with their Zacks Rank #2 (Buy) rating, State Street, The Bank of New York Mellon, and BlackRock stock have benefited from a pleasant trend of positive earnings estimate revisions for FY25 and FY26, suggesting more upside ahead.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Finance Stocks to Buy Ahead of Q2 Earnings: BLK, BK, STT
The financial sector will take center stage next Tuesday, July 15, with Q2 results from most of the major domestic banks set to be released.
Underlying the spotlight, several of these finance stocks currently sport a Zacks Rank #2 (Buy) ahead of their quarterly reports and are worthy of consideration outside of the three big banks that will be reporting, which include JPMorgan (JPM - Free Report) , Citigroup (C - Free Report) , and Wells Fargo (WFC - Free Report) .
Major Regional Bank Stocks to Consider
At the moment, the Zacks Banks-Major Regional Industry is in the top 5% of over 240 Zacks industries, with State Street (STT - Free Report) and The Bank of New York Mellon (BK - Free Report) being two standouts.
As renowned holding companies, both provide a wide range of financial products and banking services for institutional investors, including high-net-worth clients. Furthermore, State Street and New York Mellon are expected to post double-digit EPS growth in fiscal 2025 and FY26, with their Q2 reports expected to reflect 10% and 15% earnings growth, respectively.
Steady sales growth also suggests State Street and New York Mellon will be able to sustain their industry-leading operational efficiency, with STT and BK recently hitting new 52-week highs and offering respectable dividend yields that are over 2%.
Image Source: Zacks Investment Research
BlackRock - The Leading Investment Management Firm
As the world’s largest asset manager, BlackRock’s (BLK - Free Report) expansive growth is expected to continue when the company reports its Q2 results next Tuesday. Having more than $11 trillion in assets under management (AUM), BlackRock’s quarterly sales are thought to have increased 12% year over year to $5.38 billion, with Q2 EPS expected to rise 5% to $10.86.
Notably, BlackRock’s Zacks Financial-Investment Management Industry is currently in the top 20% of all Zacks industries. Glamorizing its industry dominance, BlackRock’s annual earnings are slated to rise 5% this year and are projected to increase another 12% in fiscal 2026 to a whopping $51.75 per share. This is accompanied by expectations of 11% sales growth in FY25, with BlackRock’s top line projected to expand another 15% in FY26 to $26.16 billion.
Image Source: Zacks Investment Research
Hovering near a 52-week high of over $1,100, BlackRock stock offers a generous 1.89% annual dividend yield that equates to $20.84 per share. More intriguing, BlackRock’s 46% payout ratio suggests there is plenty of room to boost its dividend in the future, especially considering the company’s superior operational performance.
Image Source: Zacks Investment Research
Bottom Line
Ahead of their Q2 reports on Tuesday, July 15, these top-rated finance stocks look poised for higher highs. Correlating with their Zacks Rank #2 (Buy) rating, State Street, The Bank of New York Mellon, and BlackRock stock have benefited from a pleasant trend of positive earnings estimate revisions for FY25 and FY26, suggesting more upside ahead.