3 Regional Banks Whose Earnings I'm Watching Closely
Bank stocks were beaten up for the better part of 2020, and for good reason. The global pandemic, low interest rates, restrictions on share repurchases, and general economic uncertainty put pressure on the banking sector.
As economic uncertainties slowly but surely resolve, regional banks have fared well in recent months. The SPDR S&P Regional Banking ETF is up almost 40% since the beginning of November, compared with the SPDR S&P 500 ETF Trust, which has advanced 18% during that same time.
For this reason, I think certain regional banks present a good opportunity for value investors. While the big dogs in the banking sector announced earnings in the past few days, there are many regional banks that have yet to announce. Three I'm watching in the coming days are Axos Financial (NYSE: AX), United Bankshares (NASDAQ: UBSI), and Glacier Bancorp (NASDAQ: GBCI).
Source Fool.com
