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Zacks Value Trader Highlights: Bank of America, US Bancorp, JPMorgan Chase, PNC Financial and KeyCorp
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For Immediate Release
Chicago, IL – October 28, 2022 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1998880/the-5-most-exciting-stocks-for-2023)
The 5 Most Exciting Stocks for 2023
Welcome to Episode #303 of the Value Investor Podcast.
(1:00) - Can You Find Strong Value Stocks In Banking?
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With everyone focused on the FANGMAN stocks and their earnings, it's easy to overlook other industries where things just may not be as volatile and earnings are expected to rise next year.
Many are wondering if the FANGMAN stocks are values. But why not look for true value stocks that Wall Street is ignoring?
Banks are the Cheapest in Decades
Tracey recently did a podcast on the banks, which included looking at those with a low P/B ratio. But she decided to take another look after seeing Wells Fargo bank analyst, Mike Mayo, interviewed on CNBC. He couldn't have been more excited for the outlook on the big banks over the next 12 to 18 months.
He said the banks were their cheapest in 20 years. And he wasn't worried about a recession, saying it would be the best recession for the banks in the last century.
Those are some heady words. But after 14 years in the wilderness, could it finally be time for the banks to shine?
KeyCorp is a Cleveland-based regional bank. KeyCorp shares are also down this year, falling 22.9%.
It, too, is cheap, with a forward P/E of just 8.3. KeyCorp pays a juicy dividend, yielding 4.4%.
Is KeyCorp flying under the radar?
What Else Should You Know About the Banks for 2023?
Tune into this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Value Trader Highlights: Bank of America, US Bancorp, JPMorgan Chase, PNC Financial and KeyCorp
For Immediate Release
Chicago, IL – October 28, 2022 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1998880/the-5-most-exciting-stocks-for-2023)
The 5 Most Exciting Stocks for 2023
Welcome to Episode #303 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With everyone focused on the FANGMAN stocks and their earnings, it's easy to overlook other industries where things just may not be as volatile and earnings are expected to rise next year.
Many are wondering if the FANGMAN stocks are values. But why not look for true value stocks that Wall Street is ignoring?
Banks are the Cheapest in Decades
Tracey recently did a podcast on the banks, which included looking at those with a low P/B ratio. But she decided to take another look after seeing Wells Fargo bank analyst, Mike Mayo, interviewed on CNBC. He couldn't have been more excited for the outlook on the big banks over the next 12 to 18 months.
He said the banks were their cheapest in 20 years. And he wasn't worried about a recession, saying it would be the best recession for the banks in the last century.
Those are some heady words. But after 14 years in the wilderness, could it finally be time for the banks to shine?
5 Big Banks for 2023
1. Bank of America (BAC - Free Report)
Mike Mayo has said his favorite big bank is Bank of America. It's also one of Berkshire Hathaway's largest equity holdings.
Bank of America is cheap, with a forward P/E of 11. It also has a low P/B ratio of 1.2.
While earnings are expected to decline 10% this year, the Zacks Consensus is looking for earnings growth of 17% next year.
Should Bank of America be on your short list?
2. US Bancorp (USB - Free Report)
US Bancorp is a Minneapolis-based regional bank. Shares of US Bancorp have dropped 24.5% year-to-date.
It's cheap, with a forward P/E of just 9.5. US Bancorp also pays a dividend, currently yielding 4.6%.
Is US Bancorp a hidden gem?
3. JPMorgan Chase (JPM - Free Report)
JPMorgan Chase is the highest ranked large bank stock. It's a Zacks Rank #2 (Buy) stock but there aren't any big banks with a Strong Buy rank.
Shares of JPMorgan Chase are off their recent lows, but are still down 21.7% year-to-date. It remains cheap, as well, with a forward P/E of 10.5.
Is JPMorgan Chase on sale?
4. PNC Financial (PNC - Free Report)
PNC Financial is a Pittsburgh-based regional bank. Shares of PNC Financial are down 19% year-to-date.
It has a forward P/E of just 11.3 and pays a dividend of 3.7%.
Should PNC Financial be on your short list?
5. KeyCorp (KEY - Free Report)
KeyCorp is a Cleveland-based regional bank. KeyCorp shares are also down this year, falling 22.9%.
It, too, is cheap, with a forward P/E of just 8.3. KeyCorp pays a juicy dividend, yielding 4.4%.
Is KeyCorp flying under the radar?
What Else Should You Know About the Banks for 2023?
Tune into this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.