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      15 Banking Industry Stock You Should Add In Your Buying List - Stocks Telegraph

      By Hasnain R

      Published on

      October 21, 2020

      12:31 PM UTC

      Last Updated on

      October 21, 2021

      10:02 AM UTC

      15 Banking Industry Stock You Should Add In Your Buying List - Stocks Telegraph

      Banking Industry is continuously striving to improve the experience of customers either with their applications or simplifying customers’ journey by introducing omnichannel. This industry is adopting digitization and new technologies to provide best-in-class services to customers. The ongoing pandemic has hit the banking industry badly as the sources of revenue plummeted and credit risk increases exponentially.

      But the rising customer demands and the competitive market have forced the banking industry to explore new business models. These new business models help the banking industry to meet the need of its clients. Banks are continuously taking appropriate measures to protect the interest of employees society and shareholders even though the competition is tough.

      The following are the leading companies in the bank regional industry. Let see how these companies are fulfilling the demands of its customers:

      Regions Financial Corporation (NYSE: RF)

      Regions Financial Corporation (NYSE: RF) stock soar by 4.86% to $12.94 after Regions reports third quarter 2020 earnings of $501 million, up 30 percent over the prior year, and earnings per share of $0.52, up 33 percent. The most recent rating by Odeon, on September 15, 2020, is at a Buy. Regions Financial Corporation (RF) has moved up 86.46% from its 52-weeks low and moved down -26.23% from its 52-weeks low. Regions Financial Corporation’s market cap has remained high, hitting $12.49 billion at the time of writing.

      Huntington Bancshares Incorporated (NASDAQ: HBAN)

      Huntington Bancshares Incorporated (NASDAQ: HBAN) rose 3.78% after gaining more than $0.36 on Tuesday. Huntington Bancshares Incorporated has announced Tuesday that it has started Debt Tender Offers. Huntington Bancshares Incorporated (HBAN) announced this offer to buy up to the applicable aggregate maximum principal amount of its outstanding notes. It has a total market capitalization of 10.04 billion at the time of writing.

      KeyCorp (NYSE: KEY)

      KeyCorp (NYSE: KEY) shares headed rising, higher as much as 2.35%. The most recent rating by Wolfe Research, on July 31, 2020, is at an Underperform. KeyCorp (KEY) has earlier revealed that it has joined Entrepreneur magazine’s list of Top Franchise Suppliers, ranking the regional bank among some of the best in the nation to empower franchisees to launch, grow, expand, or evolve their businesses.

      First Horizon National Corporation (FHN)

      First Horizon National Corporation (FHN) last closed at $10.80, in a 52-week range of $6.27 to $17.42. Analysts have a consensus price target of $12.27. First Horizon National Corporation (FHN) has announced that the firm’s continued expansion of its Public Finance Department. Joining our team in New York City are Evan Levine and Crystal Mullins.

      Truist Financial Corporation (NYSE: TFC)

      Truist Financial Corporation (NYSE: TFC) rose 1.25% after gaining more than $0.52 on Tuesday. Truist Expands Industry Consulting Team with Focus on Beverage Industry. Truist Financial Corporation (TFC) has moved up 75.30% from its 52-weeks low and moved down -26.05% from its 52-weeks low. Truist Financial Corporation’s market cap has remained high, hitting $57.35 billion at the time of writing.

      Fifth Third Bancorp (NASDAQ: FITB)

      Fifth Third Bancorp (NASDAQ: FITB) last closed at $23.75, in a 52-week range of $11.10 to $31.64. Fifth Third Bank Named to the Diversity Best Practices Inclusion Index. Analysts have a consensus price target of $25.18. Fifth Third Bancorp (FITB) has moved up 113.96% from its 52-weeks low and moved down -24.94% from its 52-weeks low. Fifth Third Bancorp’s market cap has remained high, hitting $17.02 billion at the time of writing.

      Citizens Financial Group Inc. (NYSE: CFG)

      Citizens Financial Group Inc. (NYSE: CFG) stock soar by 3.68% to $27.62. The most recent rating by Wolfe Research, on July 31, 2020, is at an Underperform. Citizens Financial Group Inc. (CFG) has earlier shared the 2020 third-quarter financial results. Citizens Financial Group Inc.’s market cap has remained high, hitting $12.36 billion at the time of writing.

      Deutsche Bank Aktiengesellschaft (NYSE: DB)

      Deutsche Bank Aktiengesellschaft (NYSE: DB) stock soar by 3.45% to $9.60. The most recent rating by Societe Generale, on October 01, 2020, is at a Hold. Deutsche Bank Aktiengesellschaft (DB) has disclosed earlier that it has been named as depositary bank for the NYSE-listed American Depositary Receipt program of iHuman Inc.

      Itau Unibanco Holding S.A. (NYSE: ITUB)

      Itau Unibanco Holding S.A. (NYSE: ITUB) shares were trading up 4.61% at $4.31 at the time of writing on Tuesday. Itau Unibanco Holding S.A. (NYSE: ITUB) share price went from a low point around $3.47 to briefly over $9.23 in the past 52 weeks, though shares have since pulled back to $4.31. ITUB market cap has remained high, hitting $42.16B at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating ITUB, Goldman downgraded coverage on ITUB shares with a Neutral rating and a $6.40 price target, which implies room for 2.09% upside momentum this year.

      U.S. Bancorp (NYSE: USB)

      U.S. Bancorp (NYSE: USB) rose 0.62% after gaining more than $0.24 on Tuesday. U.S. Bancorp (USB) has earlier shared the 2020 third-quarter result. Looking at its profitability, it has return on assets, return on equity and return on investment of 1.20%, 13.10%, and 11.70%. Its market cap has remained high, hitting $59.06 billion at the time of writing.

      Banco Bradesco S.A. (NYSE: BBD)

      Banco Bradesco S.A. (NYSE: BBD) last closed at $3.84, in a 52-week range of $2.67 to $8.38. Analysts have a consensus price target of $6.26. Banco Bradesco S.A. (BBD) has moved up 43.96% from its 52-weeks low and moved down -54.19% from its 52-weeks low. Banco Bradesco S.A.’s market cap has remained high, hitting $33.93 billion at the time of writing.

      Lloyds Banking Group plc (NYSE: LYG)

      Lloyds Banking Group plc (NYSE: LYG) stock drop by 0.00% to $1.35. The most recent rating by Credit Suisse, on July 23, 2020, is at an Outperform. Lloyds Banking Group plc (LYG) share price went from a low point around $1.17 to briefly over $3.58 in the past 52 weeks, though shares have since pulled back to $1.35. LYG market cap has remained high, hitting $24.49 Billion at the time of writing.

      CIT Group Inc. (NYSE: CIT)

      CIT Group Inc. (NYSE: CIT) shares headed rising, higher as much as 2.77%. The most recent rating by Oppenheimer, on July 21, 2020, is at a Perform. CIT Group Inc. (NYSE: CIT) has moved up 125.12% from its 52-weeks low and moved down -44.73% from its 52-weeks low. CIT Group Inc’s market cap has remained high, hitting $2.10 billion at the time of writing.

      New York Community Bancorp Inc. (NYSE: NYCB)

      New York Community Bancorp Inc. (NYSE: NYCB) shares headed rising, higher as much as 1.34%. The most recent rating by Compass Point, on April 14, 2020, is at a Neutral. New York Community Bancorp Inc. (NYCB) share price went from a low point around $7.99 to briefly over $13.79 in the past 52 weeks, though shares have since pulled back to $8.33. NYCB market cap has remained high, hitting $3.86 Billion at the time of writing.

      ICICI Bank Limited (NYSE: IBN)

      ICICI Bank Limited (NYSE: IBN) last closed at $11.38, in a 52-week range of $6.86 to $15.42. Analysts have a consensus price target of $13.65. ICICI Bank Limited (IBN) has moved up 65.89% from its 52-weeks low and moved down -26.20% from its 52-weeks low. IBN’s market cap has remained high, hitting $38.23 billion at the time of writing.

       

       

       

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