3 Large Regional Bank Stocks That Are Crushing the Market

These financial stocks are bucking the trend by beating the market and their benchmark so far this year

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3 Large Regional Bank Stocks That Are Crushing the Market

Regional Bank Stocks: Signature Bank (SBNY)

Signature Bank 185 3 Large Regional Bank Stocks That Are Crushing the MarketWith a market cap of $5.9 billion, Signature Bank (SBNY) isn’t the biggest of the regional banks stocks — but it is by far one of the best performers. Shares are up an electric 16% so far this year.

That can’t possibly last. On an annualized basis, that would have SBNY stock more than tripling in 2014.

But it’s a heck of a start — especially for a midcap stock in the financials sector — and earnings really did their part. Signature Bank’s fourth-quarter profits rose 28%, driven by strong growth in deposits and loans. That’s just not something we’re seeing these days with bank stocks, where growth has mostly been driven by costs cuts and the release of reserves.

As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/bank-stocks-financials-earnings/.

©2014 InvestorPlace Media, LLC

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