Dennishyh
2021-09-27
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Bank stocks are cheap -- here are the 20 best players in the industry<blockquote>银行股很便宜——以下是业内20只最好的股票</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":866888431,"tweetId":"866888431","gmtCreate":1632753304823,"gmtModify":1632798075775,"author":{"id":3579224673007813,"idStr":"3579224673007813","authorId":3579224673007813,"authorIdStr":"3579224673007813","name":"Dennishyh","avatar":"https://static.tigerbbs.com/79de7417eb609458d6cb6e72e515dadb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":22,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Like and comment</p></body></html>","htmlText":"<html><head></head><body><p>Like and comment</p></body></html>","text":"Like and comment","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/866888431","repostId":2170930623,"repostType":4,"repost":{"id":"2170930623","kind":"highlight","pubTimestamp":1632752688,"share":"https://www.laohu8.com/m/news/2170930623?lang=zh_CN&edition=full","pubTime":"2021-09-27 22:24","market":"us","language":"en","title":"Bank stocks are cheap -- here are the 20 best players in the industry<blockquote>银行股很便宜——以下是业内20只最好的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2170930623","media":"MarketWatch","summary":"Bank stocks have soared during 2021, but are still trading lower than usual to the market as a whole","content":"<p>Bank stocks have soared during 2021, but are still trading lower than usual to the market as a whole</p><p><blockquote>银行股在2021年飙升，但整体市场交易价格仍低于平时</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f684a94a59b066b5c5fddf327b6be10\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>BLOOMBERG</span></p><p><blockquote><p class=\"t-img-caption\"><span>彭博社</span></p></blockquote></p><p> Bank stocks have had a good run in 2021, but they still lag behind the broader market's recovery since the pandemic doldrums of 2020. And now that the Federal Reserve seems likely to allow interest rates to rise soon, the banks may have an easier time improving their profits.</p><p><blockquote>银行股在2021年表现良好，但自2020年疫情低迷以来，它们仍落后于大盘的复苏。现在美联储似乎可能很快允许利率上升，银行可能会更容易提高利润。</blockquote></p><p> Below is a list of the best-performing U.S. banks over the past five years, based on returns on common equity.</p><p><blockquote>以下是根据普通股回报率列出的过去五年表现最佳的美国银行名单。</blockquote></p><p> During her recent discussion of stock-market strategy on CNBC, Savita Subramanian, the head of U.S. equity and quantitative strategy at Bank of America, said that small-cap stocks, especially energy and financial companies, were trading at compelling valuations and could give investors \"more earnings yield for the same price.\"</p><p><blockquote>美国银行美国股票和量化策略主管萨维塔·萨勃拉曼尼亚(Savita Subramanian)最近在CNBC上讨论股市策略时表示，小盘股，尤其是能源和金融公司的估值令人信服，可能会给投资者带来“相同价格的更高收益率”。</blockquote></p><p> Here's a recent screen of energy stocks.</p><p><blockquote>这是最近能源股的屏幕。</blockquote></p><p> <b>Low valuations</b></p><p><blockquote><b>低估值</b></blockquote></p><p> Taking a broad look at forward price-to-earning valuations for the S&P 1500 Composite Index (made up of the large-cap S&P 500 , the S&P 400 Mid Cap Index <a href=\"https://laohu8.com/S/MID\">$(MID)$</a> and the S&P Small Cap 600 Index ), bank stocks are trading relatively cheaply:</p><p><blockquote>全面审视标准普尔1500综合指数（由大盘股标普500、标准普尔400中型股指数组成）的远期市盈率估值<a href=\"https://laohu8.com/S/MID\">$（中）$</a>和标准普尔小型股600指数），银行股的交易价格相对便宜：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75a946082652a25758da307be6e41499\" tg-width=\"700\" tg-height=\"507\" width=\"100%\" height=\"auto\"><span>FACTSET</span></p><p><blockquote><p class=\"t-img-caption\"><span>FACTSET</span></p></blockquote></p><p> The S&P 1500 bank industry group trades at a price-to-earnings ratio of 12.6, based on weighted consensus price-to-earnings estimates for the next 12 months among analysts polled by FactSet. The full S&P 1500 Composite Index trades at a forward P/E of 20.5. The average forward P/E for the banks over the past 15 years has been 12.5, while the average forward P/E for the full index has been 15.4.</p><p><blockquote>根据FactSet调查的分析师对未来12个月的加权一致市盈率预期，标准普尔1500银行行业集团的市盈率为12.6。整个标准普尔1500综合指数的远期市盈率为20.5。过去15年，银行的平均远期市盈率为12.5，而整个指数的平均远期市盈率为15.4。</blockquote></p><p> So the banks now trade for 61% of the S&P 1500's forward P/E valuation, while they have traded for 81% on average.</p><p><blockquote>因此，银行现在的交易价格是标准普尔1500指数远期市盈率估值的61%，而它们的平均交易价格是81%。</blockquote></p><p> And that is despite the banks' outperformance this year, returning 34%, while the S&P Composite 1500 has returned 20%.</p><p><blockquote>尽管银行今年表现出色，回报率为34%，而标准普尔综合1500指数的回报率为20%。</blockquote></p><p> A coming slowdown of bond purchases by the Federal Reserve is expected to push long-term interest rates higher, which for most banks will mean increased profitability, with wider spreads between rates on loans and those paid on deposits. The market has been anticipating the Fed's change in policy, pushing yields on 10-year U.S. Treasury notes to 1.49% early on Sept. 27 from 1.31% on Sept. 20.</p><p><blockquote>美联储即将放缓的债券购买预计将推高长期利率，这对大多数银行来说意味着盈利能力的提高，贷款利率和存款利率之间的利差将扩大。市场一直在预期美联储的政策变化，将10年期美国国债收益率从9月20日的1.31%推高至9月27日早些时候的1.49%。</blockquote></p><p> <b>Bank-stock screen -- return on common equity</b></p><p><blockquote><b>银行-股票屏幕-普通股股本回报率</b></blockquote></p><p> While Subramanian emphasized small-cap stocks, it seems reasonable to look at all bank stocks and find the ones with the best average returns on common equity. A screen on ROCE can work well within an industry such as banking, because the banks are required to hold minimum levels of capital, including common equity, by regulators. In other industries you may have healthy profitable companies that have negative equity. An example is McDonald's Corp. <a href=\"https://laohu8.com/S/MCD\">$(MCD)$</a>, which had negative total shareholders' equity of $5.8 billion as of June 30.</p><p><blockquote>虽然萨勃拉曼尼亚强调小盘股，但观察所有银行股并找到普通股平均回报率最佳的银行股似乎是合理的。ROCE筛选在银行业等行业中可以很好地发挥作用，因为监管机构要求银行持有最低水平的资本，包括普通股。在其他行业，你可能有健康盈利的公司，但却有负资产。麦当劳公司就是一个例子。<a href=\"https://laohu8.com/S/MCD\">$(MCD)$</a>截至6月30日，该公司的股东权益总额为负58亿美元。</blockquote></p><p> It also makes sense to include large banks in our screen because the biggest and most complex U.S. banks are required by regulators to hold more capital than smaller banks. If a big bank make makes the list, so be it: Its ROCE denominator is larger, so it has more of a hill to climb.</p><p><blockquote>将大型银行纳入我们的屏幕也是有意义的，因为监管机构要求美国最大、最复杂的银行比小型银行持有更多的资本。如果一家大型银行上榜，那就这样吧：它的ROCE分母更大，因此它有更多的山要爬。</blockquote></p><p> Starting with the Russell 3000 Index, which represents about 98% of U.S. stocks by market capitalization, we identified 229 banks. This includes some companies that are investment banks and/or brokers. The determining factor for a company such as Charles Schwab Corp. <a href=\"https://laohu8.com/S/SCHW\">$(SCHW)$</a>, for example, is whether of not it files a bank or savings and loan holding company report with the Federal Reserve. If it does, it means the company is gathering deposits insured by the FDIC. Schwab does so through its subsidiary, Charles Schwab Bank SSB.</p><p><blockquote>从代表市值约98%的美国股票的罗素3000指数开始，我们确定了229家银行。这包括一些投资银行和/或经纪人公司。像查尔斯·施瓦布公司这样的公司的决定性因素。<a href=\"https://laohu8.com/S/SCHW\">$(SCHW)$</a>例如，它是否向美联储提交银行或储蓄和贷款控股公司报告。如果确实如此，这意味着该公司正在收集由FDIC承保的存款。嘉信理财通过其子公司嘉信理财银行SSB实现这一目标。</blockquote></p><p> Looking back over the past 20 reported quarters through June 30, here are the 20 banks with the highest average returns on common equity. The list is limited to U.S. banks for which the data is available from FactSet for all of those quarters.</p><p><blockquote>回顾截至6月30日的过去20个报告季度，以下是普通股平均回报率最高的20家银行。该列表仅限于FactSet提供所有这些季度数据的美国银行。</blockquote></p><p></p><p> <table> <tbody> <tr> <td>Company</td> <td>City</td> <td>Market cap. ($mil)</td> <td>Average ROCE -- 20 quarters</td> <td>Total return -- 5 years</td> </tr> <tr> <td>Ameriprise Financial Inc. AMP</td> <td>Minneapolis</td> <td>$30,871</td> <td>27.66%</td> <td>208%</td> </tr> <tr> <td>American Express Co. AXP</td> <td>New York</td> <td>$139,598</td> <td>22.95%</td> <td>197%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/MCBS\">MetroCity Bankshares Inc</a>. MCBS</td> <td>Doraville, Ga.</td> <td>$530</td> <td>22.80%</td> <td>434%</td> </tr> <tr> <td>Discover Financial Services DFS</td> <td>Riverwoods, Ill.</td> <td>$38,934</td> <td>22.58%</td> <td>153%</td> </tr> <tr> <td>ServisFirst Bancshares Inc. SFBS</td> <td>Birmingham, Ala.</td> <td>$4,176</td> <td>18.32%</td> <td>216%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a> SYF</td> <td>Stamford, Conn.</td> <td>$28,616</td> <td>18.07%</td> <td>108%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/AXO\">Axos Financial Inc</a>. AX</td> <td>Las Vegas</td> <td>$2,769</td> <td>16.82%</td> <td>108%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> SIVB</td> <td>Santa Clara, Calif.</td> <td>$38,129</td> <td>16.63%</td> <td>493%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/WAL\">Western Alliance Bancorp</a> WAL</td> <td>Phoenix</td> <td>$10,740</td> <td>16.61%</td> <td>188%</td> </tr> <tr> <td>Hingham Institution for Savings HIFS</td> <td>Hingham, Mass.</td> <td>$738</td> <td>16.46%</td> <td>168%</td> </tr> <tr> <td>Bank of Hawaii Corp. BOH</td> <td>Honolulu</td> <td>$3,301</td> <td>15.64%</td> <td>30%</td> </tr> <tr> <td>Charles Schwab Corp. SCHW</td> <td>Austin, Texas</td> <td>$136,720</td> <td>15.38%</td> <td>162%</td> </tr> <tr> <td>Preferred Bank PFBC</td> <td>Los Angeles</td> <td>$982</td> <td>15.33%</td> <td>106%</td> </tr> <tr> <td>West Bancorp Inc. WTBA</td> <td>West Des Moines, Iowa</td> <td>$488</td> <td>14.85%</td> <td>74%</td> </tr> <tr> <td>Stock Yards Bancorp Inc. SYBT</td> <td>Louisville, Ky.</td> <td>$1,468</td> <td>14.35%</td> <td>90%</td> </tr> <tr> <td>Lakeland Financial Corp. LKFN</td> <td>Warsaw, Ind.</td> <td>$1,691</td> <td>14.18%</td> <td>110%</td> </tr> <tr> <td>Flagstar Bancorp Inc. FBC</td> <td>Troy, Mich.</td> <td>$2,647</td> <td>14.10%</td> <td>83%</td> </tr> <tr> <td>East West Bancorp Inc. EWBC</td> <td>Pasadena, Calif.</td> <td>$10,669</td> <td>14.01%</td> <td>127%</td> </tr> <tr> <td>First Financial Bankshares Inc. FFIN</td> <td>Abilene, Texas</td> <td>$6,402</td> <td>13.76%</td> <td>165%</td> </tr> <tr> <td>Raymond James Financial Inc. RJF</td> <td>St. Petersburg, Fla.</td> <td>$19,165</td> <td>13.71%</td> <td>160%</td> </tr> <tr> <td>Source: FactSet</td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table> Click on the tickers for more about each bank. The MarketWatch quote page can be an excellent start for your own research. Click here for Tomi Kilgore's new, detailed guide to the wealth of information available for free on the quote page.</p><p><blockquote><table><tbody><tr><td>公司</td><td>城市</td><td>市值。（百万美元）</td><td>平均ROCE——20个季度</td><td>总回报--5年</td></tr><tr><td>Ameriprise金融公司AMP</td><td>明尼阿波利斯</td><td>$30,871</td><td>27.66%</td><td>208%</td></tr><tr><td>美国运通公司AXP</td><td>纽约</td><td>$139,598</td><td>22.95%</td><td>197%</td></tr><tr><td><a href=\"https://laohu8.com/S/MCBS\">大都会银行股份公司</a>.MCBS</td><td>佐治亚州多拉维尔。</td><td>$530</td><td>22.80%</td><td>434%</td></tr><tr><td>探索金融服务DFS</td><td>伊利诺伊州里弗伍兹。</td><td>$38,934</td><td>22.58%</td><td>153%</td></tr><tr><td>ServisFirst Bancshares Inc.SFBS</td><td>阿拉巴马州伯明翰。</td><td>$4,176</td><td>18.32%</td><td>216%</td></tr><tr><td><a href=\"https://laohu8.com/S/SYF\">同步金融</a>SYF</td><td>康涅狄格州斯坦福德。</td><td>$28,616</td><td>18.07%</td><td>108%</td></tr><tr><td><a href=\"https://laohu8.com/S/AXO\">Axos金融公司</a>.斧头</td><td>拉斯维加斯</td><td>$2,769</td><td>16.82%</td><td>108%</td></tr><tr><td><a href=\"https://laohu8.com/S/SIVBO\">SVB金融集团</a>SIVB</td><td>加利福尼亚州圣克拉拉。</td><td>$38,129</td><td>16.63%</td><td>493%</td></tr><tr><td><a href=\"https://laohu8.com/S/WAL\">西部联盟银行</a>沃尔</td><td>凤凰</td><td>$10,740</td><td>16.61%</td><td>188%</td></tr><tr><td>欣厄姆储蓄机构HIFS</td><td>马萨诸塞州欣厄姆。</td><td>$738</td><td>16.46%</td><td>168%</td></tr><tr><td>夏威夷银行BOH</td><td>檀香山</td><td>$3,301</td><td>15.64%</td><td>30%</td></tr><tr><td>嘉信理财公司SCHW</td><td>德克萨斯州奥斯汀</td><td>$136,720</td><td>15.38%</td><td>162%</td></tr><tr><td>首选银行PFBC</td><td>洛杉矶</td><td>$982</td><td>15.33%</td><td>106%</td></tr><tr><td>西部银行公司WTBA</td><td>爱荷华州西得梅因</td><td>$488</td><td>14.85%</td><td>74%</td></tr><tr><td>库存码银行公司SYBT</td><td>肯塔基州路易斯维尔。</td><td>$1,468</td><td>14.35%</td><td>90%</td></tr><tr><td>莱克兰金融公司LKFN</td><td>印第安纳州华沙。</td><td>$1,691</td><td>14.18%</td><td>110%</td></tr><tr><td>Flagstar银行公司FBC</td><td>密歇根州特洛伊。</td><td>$2,647</td><td>14.10%</td><td>83%</td></tr><tr><td>华美银行EWBC</td><td>加利福尼亚州帕萨迪纳。</td><td>$10,669</td><td>14.01%</td><td>127%</td></tr><tr><td>第一金融银行股份公司FFIN</td><td>德克萨斯州阿比林</td><td>$6,402</td><td>13.76%</td><td>165%</td></tr><tr><td>雷蒙德·詹姆斯金融公司RJF</td><td>佛罗里达州圣彼得堡。</td><td>$19,165</td><td>13.71%</td><td>160%</td></tr><tr><td>来源：FactSet</td><td></td><td></td><td></td><td></td></tr></tbody></table>单击股票代码了解有关每家银行的更多信息。MarketWatch报价页面可以成为您自己研究的良好开端。单击此处获取孙铁麟·基尔戈(Tomi Kilgore)的新详细指南，了解报价页面上免费提供的大量信息。</blockquote></p><p> You can see that most of the banks on the list are relatively small, backing Subramanian's preference for small-caps. But American Express Co. made the list, along with Schwab and credit card players Discover Financial Services and Synchrony Financial (SYF).</p><p><blockquote>你可以看到名单上的大多数银行都相对较小，这支持了萨勃拉曼尼亚对小盘股的偏好。但美国运通公司、嘉信理财和信用卡公司Discover Financial Services和Synchrony Financial(SYF)上榜。</blockquote></p><p> The right-most column contains total returns, with dividends reinvested, for the past five years through Sept. 24. In comparison, the S&P 1500 banking industry group returned 124% and the S&P Composite 1500 returned 111% over the same period.</p><p><blockquote>最右边的一栏包含截至9月24日的过去五年的总回报（包括股息再投资）。相比之下，同期标准普尔1500银行业集团的回报率为124%，标准普尔综合1500指数的回报率为111%。</blockquote></p><p> <b>Analysts' price targets</b></p><p><blockquote><b>分析师的价格目标</b></blockquote></p><p> Here's the list again, in the same order, with a summary of analysts' opinions, dividend yields and forward P/E ratios:</p><p><blockquote>以下是该列表，按相同顺序，总结了分析师的意见、股息收益率和远期市盈率：</blockquote></p><p></p><p> <table> <tbody> <tr> <td>Company</td> <td>Share \"buy\" ratings</td> <td>Closing price -- Sept. 24</td> <td>Consensus price target</td> <td>Implied 12-month upside potential</td> <td>Dividend yield</td> <td>Forward P/E</td> </tr> <tr> <td>Ameriprise Financial Inc. AMP</td> <td>77%</td> <td>$271.40</td> <td>$292.50</td> <td>8%</td> <td>1.67%</td> <td>11.9</td> </tr> <tr> <td>American Express Co. AXP</td> <td>45%</td> <td>$175.72</td> <td>$182.35</td> <td>4%</td> <td>0.98%</td> <td>22.4</td> </tr> <tr> <td>MetroCity Bankshares Inc. MCBS</td> <td>0%</td> <td>$20.80</td> <td>$22.50</td> <td>8%</td> <td>2.31%</td> <td>8.2</td> </tr> <tr> <td>Discover Financial Services DFS</td> <td>54%</td> <td>$130.01</td> <td>$136.22</td> <td>5%</td> <td>1.54%</td> <td>10.4</td> </tr> <tr> <td>ServisFirst Bancshares Inc. SFBS</td> <td>0%</td> <td>$77.05</td> <td>$70.33</td> <td>-9%</td> <td>1.04%</td> <td>20.4</td> </tr> <tr> <td>Synchrony Financial SYF</td> <td>77%</td> <td>$50.23</td> <td>$57.21</td> <td>14%</td> <td>1.75%</td> <td>8.9</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/AX\">Axos Financial Inc</a>. AX</td> <td>88%</td> <td>$46.65</td> <td>$56.00</td> <td>20%</td> <td>0.00%</td> <td>13.0</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/SIVBP\">SVB Financial Group</a> SIVB</td> <td>61%</td> <td>$649.96</td> <td>$671.65</td> <td>3%</td> <td>0.00%</td> <td>26.0</td> </tr> <tr> <td>Western Alliance Bancorp WAL</td> <td>92%</td> <td>$103.07</td> <td>$120.42</td> <td>17%</td> <td>1.36%</td> <td>11.6</td> </tr> <tr> <td>Hingham Institution for Savings HIFS</td> <td>N/A</td> <td>N/A</td> <td>N/A</td> <td>N/A</td> <td>0.59%</td> <td>N/A</td> </tr> <tr> <td>Bank of Hawaii Corp. BOH</td> <td>17%</td> <td>$81.55</td> <td>$90.80</td> <td>11%</td> <td>3.43%</td> <td>15.9</td> </tr> <tr> <td>Charles Schwab Corp. SCHW</td> <td>63%</td> <td>$75.59</td> <td>$83.83</td> <td>11%</td> <td>0.95%</td> <td>23.0</td> </tr> <tr> <td>Preferred Bank PFBC</td> <td>50%</td> <td>$65.91</td> <td>$73.00</td> <td>11%</td> <td>2.31%</td> <td>10.4</td> </tr> <tr> <td>West Bancorp Inc. WTBA</td> <td>0%</td> <td>$29.48</td> <td>$32.00</td> <td>9%</td> <td>3.26%</td> <td>10.8</td> </tr> <tr> <td>Stock Yards Bancorp Inc. SYBT</td> <td>25%</td> <td>$55.23</td> <td>$54.33</td> <td>-2%</td> <td>2.03%</td> <td>17.8</td> </tr> <tr> <td>Lakeland Financial Corp. LKFN</td> <td>0%</td> <td>$66.83</td> <td>$63.67</td> <td>-5%</td> <td>2.04%</td> <td>18.2</td> </tr> <tr> <td>Flagstar Bancorp Inc. FBC</td> <td>60%</td> <td>$50.08</td> <td>$62.75</td> <td>25%</td> <td>0.48%</td> <td>7.8</td> </tr> <tr> <td>East West Bancorp Inc. EWBC</td> <td>83%</td> <td>$75.20</td> <td>$90.91</td> <td>21%</td> <td>1.76%</td> <td>12.6</td> </tr> <tr> <td>First Financial Bankshares Inc. FFIN</td> <td>0%</td> <td>$44.97</td> <td>$45.33</td> <td>1%</td> <td>1.33%</td> <td>30.3</td> </tr> <tr> <td>Raymond James Financial Inc. RJF</td> <td>82%</td> <td>$93.13</td> <td>$106.79</td> <td>15%</td> <td>1.12%</td> <td>14.2</td> </tr> <tr> <td>Source: FactSet</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table> </p><p><blockquote><table><tbody><tr><td>公司</td><td>分享“买入”评级</td><td>收盘价——9月24日</td><td>共识价格目标</td><td>隐含的12个月上涨潜力</td><td>股息率</td><td>远期市盈率</td></tr><tr><td>Ameriprise金融公司AMP</td><td>77%</td><td>$271.40</td><td>$292.50</td><td>8%</td><td>1.67%</td><td>11.9</td></tr><tr><td>美国运通公司AXP</td><td>45%</td><td>$175.72</td><td>$182.35</td><td>4%</td><td>0.98%</td><td>22.4</td></tr><tr><td>大都会银行股份公司MCBS</td><td>0%</td><td>$20.80</td><td>$22.50</td><td>8%</td><td>2.31%</td><td>8.2</td></tr><tr><td>探索金融服务DFS</td><td>54%</td><td>$130.01</td><td>$136.22</td><td>5%</td><td>1.54%</td><td>10.4</td></tr><tr><td>ServisFirst Bancshares Inc.SFBS</td><td>0%</td><td>$77.05</td><td>$70.33</td><td>-9%</td><td>1.04%</td><td>20.4</td></tr><tr><td>同步金融SYF</td><td>77%</td><td>$50.23</td><td>$57.21</td><td>14%</td><td>1.75%</td><td>8.9</td></tr><tr><td><a href=\"https://laohu8.com/S/AX\">Axos金融公司</a>.斧头</td><td>88%</td><td>$46.65</td><td>$56.00</td><td>20%</td><td>0.00%</td><td>13.0</td></tr><tr><td><a href=\"https://laohu8.com/S/SIVBP\">SVB金融集团</a>SIVB</td><td>61%</td><td>$649.96</td><td>$671.65</td><td>3%</td><td>0.00%</td><td>26.0</td></tr><tr><td>西部联盟银行WAL</td><td>92%</td><td>$103.07</td><td>$120.42</td><td>17%</td><td>1.36%</td><td>11.6</td></tr><tr><td>欣厄姆储蓄机构HIFS</td><td>N/A</td><td>N/A</td><td>N/A</td><td>N/A</td><td>0.59%</td><td>N/A</td></tr><tr><td>夏威夷银行BOH</td><td>17%</td><td>$81.55</td><td>$90.80</td><td>11%</td><td>3.43%</td><td>15.9</td></tr><tr><td>嘉信理财公司SCHW</td><td>63%</td><td>$75.59</td><td>$83.83</td><td>11%</td><td>0.95%</td><td>23.0</td></tr><tr><td>首选银行PFBC</td><td>50%</td><td>$65.91</td><td>$73.00</td><td>11%</td><td>2.31%</td><td>10.4</td></tr><tr><td>西部银行公司WTBA</td><td>0%</td><td>$29.48</td><td>$32.00</td><td>9%</td><td>3.26%</td><td>10.8</td></tr><tr><td>库存码银行公司SYBT</td><td>25%</td><td>$55.23</td><td>$54.33</td><td>-2%</td><td>2.03%</td><td>17.8</td></tr><tr><td>莱克兰金融公司LKFN</td><td>0%</td><td>$66.83</td><td>$63.67</td><td>-5%</td><td>2.04%</td><td>18.2</td></tr><tr><td>Flagstar银行公司FBC</td><td>60%</td><td>$50.08</td><td>$62.75</td><td>25%</td><td>0.48%</td><td>7.8</td></tr><tr><td>华美银行EWBC</td><td>83%</td><td>$75.20</td><td>$90.91</td><td>21%</td><td>1.76%</td><td>12.6</td></tr><tr><td>第一金融银行股份公司FFIN</td><td>0%</td><td>$44.97</td><td>$45.33</td><td>1%</td><td>1.33%</td><td>30.3</td></tr><tr><td>雷蒙德·詹姆斯金融公司RJF</td><td>82%</td><td>$93.13</td><td>$106.79</td><td>15%</td><td>1.12%</td><td>14.2</td></tr><tr><td>来源：FactSet</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></tbody></table></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank stocks are cheap -- here are the 20 best players in the industry<blockquote>银行股很便宜——以下是业内20只最好的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-27 22:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bank stocks have soared during 2021, but are still trading lower than usual to the market as a whole</p><p><blockquote>银行股在2021年飙升，但整体市场交易价格仍低于平时</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f684a94a59b066b5c5fddf327b6be10\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>BLOOMBERG</span></p><p><blockquote><p class=\"t-img-caption\"><span>彭博社</span></p></blockquote></p><p> Bank stocks have had a good run in 2021, but they still lag behind the broader market's recovery since the pandemic doldrums of 2020. And now that the Federal Reserve seems likely to allow interest rates to rise soon, the banks may have an easier time improving their profits.</p><p><blockquote>银行股在2021年表现良好，但自2020年疫情低迷以来，它们仍落后于大盘的复苏。现在美联储似乎可能很快允许利率上升，银行可能会更容易提高利润。</blockquote></p><p> Below is a list of the best-performing U.S. banks over the past five years, based on returns on common equity.</p><p><blockquote>以下是根据普通股回报率列出的过去五年表现最佳的美国银行名单。</blockquote></p><p> During her recent discussion of stock-market strategy on CNBC, Savita Subramanian, the head of U.S. equity and quantitative strategy at Bank of America, said that small-cap stocks, especially energy and financial companies, were trading at compelling valuations and could give investors \"more earnings yield for the same price.\"</p><p><blockquote>美国银行美国股票和量化策略主管萨维塔·萨勃拉曼尼亚(Savita Subramanian)最近在CNBC上讨论股市策略时表示，小盘股，尤其是能源和金融公司的估值令人信服，可能会给投资者带来“相同价格的更高收益率”。</blockquote></p><p> Here's a recent screen of energy stocks.</p><p><blockquote>这是最近能源股的屏幕。</blockquote></p><p> <b>Low valuations</b></p><p><blockquote><b>低估值</b></blockquote></p><p> Taking a broad look at forward price-to-earning valuations for the S&P 1500 Composite Index (made up of the large-cap S&P 500 , the S&P 400 Mid Cap Index <a href=\"https://laohu8.com/S/MID\">$(MID)$</a> and the S&P Small Cap 600 Index ), bank stocks are trading relatively cheaply:</p><p><blockquote>全面审视标准普尔1500综合指数（由大盘股标普500、标准普尔400中型股指数组成）的远期市盈率估值<a href=\"https://laohu8.com/S/MID\">$（中）$</a>和标准普尔小型股600指数），银行股的交易价格相对便宜：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75a946082652a25758da307be6e41499\" tg-width=\"700\" tg-height=\"507\" width=\"100%\" height=\"auto\"><span>FACTSET</span></p><p><blockquote><p class=\"t-img-caption\"><span>FACTSET</span></p></blockquote></p><p> The S&P 1500 bank industry group trades at a price-to-earnings ratio of 12.6, based on weighted consensus price-to-earnings estimates for the next 12 months among analysts polled by FactSet. The full S&P 1500 Composite Index trades at a forward P/E of 20.5. The average forward P/E for the banks over the past 15 years has been 12.5, while the average forward P/E for the full index has been 15.4.</p><p><blockquote>根据FactSet调查的分析师对未来12个月的加权一致市盈率预期，标准普尔1500银行行业集团的市盈率为12.6。整个标准普尔1500综合指数的远期市盈率为20.5。过去15年，银行的平均远期市盈率为12.5，而整个指数的平均远期市盈率为15.4。</blockquote></p><p> So the banks now trade for 61% of the S&P 1500's forward P/E valuation, while they have traded for 81% on average.</p><p><blockquote>因此，银行现在的交易价格是标准普尔1500指数远期市盈率估值的61%，而它们的平均交易价格是81%。</blockquote></p><p> And that is despite the banks' outperformance this year, returning 34%, while the S&P Composite 1500 has returned 20%.</p><p><blockquote>尽管银行今年表现出色，回报率为34%，而标准普尔综合1500指数的回报率为20%。</blockquote></p><p> A coming slowdown of bond purchases by the Federal Reserve is expected to push long-term interest rates higher, which for most banks will mean increased profitability, with wider spreads between rates on loans and those paid on deposits. The market has been anticipating the Fed's change in policy, pushing yields on 10-year U.S. Treasury notes to 1.49% early on Sept. 27 from 1.31% on Sept. 20.</p><p><blockquote>美联储即将放缓的债券购买预计将推高长期利率，这对大多数银行来说意味着盈利能力的提高，贷款利率和存款利率之间的利差将扩大。市场一直在预期美联储的政策变化，将10年期美国国债收益率从9月20日的1.31%推高至9月27日早些时候的1.49%。</blockquote></p><p> <b>Bank-stock screen -- return on common equity</b></p><p><blockquote><b>银行-股票屏幕-普通股股本回报率</b></blockquote></p><p> While Subramanian emphasized small-cap stocks, it seems reasonable to look at all bank stocks and find the ones with the best average returns on common equity. A screen on ROCE can work well within an industry such as banking, because the banks are required to hold minimum levels of capital, including common equity, by regulators. In other industries you may have healthy profitable companies that have negative equity. An example is McDonald's Corp. <a href=\"https://laohu8.com/S/MCD\">$(MCD)$</a>, which had negative total shareholders' equity of $5.8 billion as of June 30.</p><p><blockquote>虽然萨勃拉曼尼亚强调小盘股，但观察所有银行股并找到普通股平均回报率最佳的银行股似乎是合理的。ROCE筛选在银行业等行业中可以很好地发挥作用，因为监管机构要求银行持有最低水平的资本，包括普通股。在其他行业，你可能有健康盈利的公司，但却有负资产。麦当劳公司就是一个例子。<a href=\"https://laohu8.com/S/MCD\">$(MCD)$</a>截至6月30日，该公司的股东权益总额为负58亿美元。</blockquote></p><p> It also makes sense to include large banks in our screen because the biggest and most complex U.S. banks are required by regulators to hold more capital than smaller banks. If a big bank make makes the list, so be it: Its ROCE denominator is larger, so it has more of a hill to climb.</p><p><blockquote>将大型银行纳入我们的屏幕也是有意义的，因为监管机构要求美国最大、最复杂的银行比小型银行持有更多的资本。如果一家大型银行上榜，那就这样吧：它的ROCE分母更大，因此它有更多的山要爬。</blockquote></p><p> Starting with the Russell 3000 Index, which represents about 98% of U.S. stocks by market capitalization, we identified 229 banks. This includes some companies that are investment banks and/or brokers. The determining factor for a company such as Charles Schwab Corp. <a href=\"https://laohu8.com/S/SCHW\">$(SCHW)$</a>, for example, is whether of not it files a bank or savings and loan holding company report with the Federal Reserve. If it does, it means the company is gathering deposits insured by the FDIC. Schwab does so through its subsidiary, Charles Schwab Bank SSB.</p><p><blockquote>从代表市值约98%的美国股票的罗素3000指数开始，我们确定了229家银行。这包括一些投资银行和/或经纪人公司。像查尔斯·施瓦布公司这样的公司的决定性因素。<a href=\"https://laohu8.com/S/SCHW\">$(SCHW)$</a>例如，它是否向美联储提交银行或储蓄和贷款控股公司报告。如果确实如此，这意味着该公司正在收集由FDIC承保的存款。嘉信理财通过其子公司嘉信理财银行SSB实现这一目标。</blockquote></p><p> Looking back over the past 20 reported quarters through June 30, here are the 20 banks with the highest average returns on common equity. The list is limited to U.S. banks for which the data is available from FactSet for all of those quarters.</p><p><blockquote>回顾截至6月30日的过去20个报告季度，以下是普通股平均回报率最高的20家银行。该列表仅限于FactSet提供所有这些季度数据的美国银行。</blockquote></p><p></p><p> <table> <tbody> <tr> <td>Company</td> <td>City</td> <td>Market cap. ($mil)</td> <td>Average ROCE -- 20 quarters</td> <td>Total return -- 5 years</td> </tr> <tr> <td>Ameriprise Financial Inc. AMP</td> <td>Minneapolis</td> <td>$30,871</td> <td>27.66%</td> <td>208%</td> </tr> <tr> <td>American Express Co. AXP</td> <td>New York</td> <td>$139,598</td> <td>22.95%</td> <td>197%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/MCBS\">MetroCity Bankshares Inc</a>. MCBS</td> <td>Doraville, Ga.</td> <td>$530</td> <td>22.80%</td> <td>434%</td> </tr> <tr> <td>Discover Financial Services DFS</td> <td>Riverwoods, Ill.</td> <td>$38,934</td> <td>22.58%</td> <td>153%</td> </tr> <tr> <td>ServisFirst Bancshares Inc. SFBS</td> <td>Birmingham, Ala.</td> <td>$4,176</td> <td>18.32%</td> <td>216%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a> SYF</td> <td>Stamford, Conn.</td> <td>$28,616</td> <td>18.07%</td> <td>108%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/AXO\">Axos Financial Inc</a>. AX</td> <td>Las Vegas</td> <td>$2,769</td> <td>16.82%</td> <td>108%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> SIVB</td> <td>Santa Clara, Calif.</td> <td>$38,129</td> <td>16.63%</td> <td>493%</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/WAL\">Western Alliance Bancorp</a> WAL</td> <td>Phoenix</td> <td>$10,740</td> <td>16.61%</td> <td>188%</td> </tr> <tr> <td>Hingham Institution for Savings HIFS</td> <td>Hingham, Mass.</td> <td>$738</td> <td>16.46%</td> <td>168%</td> </tr> <tr> <td>Bank of Hawaii Corp. BOH</td> <td>Honolulu</td> <td>$3,301</td> <td>15.64%</td> <td>30%</td> </tr> <tr> <td>Charles Schwab Corp. SCHW</td> <td>Austin, Texas</td> <td>$136,720</td> <td>15.38%</td> <td>162%</td> </tr> <tr> <td>Preferred Bank PFBC</td> <td>Los Angeles</td> <td>$982</td> <td>15.33%</td> <td>106%</td> </tr> <tr> <td>West Bancorp Inc. WTBA</td> <td>West Des Moines, Iowa</td> <td>$488</td> <td>14.85%</td> <td>74%</td> </tr> <tr> <td>Stock Yards Bancorp Inc. SYBT</td> <td>Louisville, Ky.</td> <td>$1,468</td> <td>14.35%</td> <td>90%</td> </tr> <tr> <td>Lakeland Financial Corp. LKFN</td> <td>Warsaw, Ind.</td> <td>$1,691</td> <td>14.18%</td> <td>110%</td> </tr> <tr> <td>Flagstar Bancorp Inc. FBC</td> <td>Troy, Mich.</td> <td>$2,647</td> <td>14.10%</td> <td>83%</td> </tr> <tr> <td>East West Bancorp Inc. EWBC</td> <td>Pasadena, Calif.</td> <td>$10,669</td> <td>14.01%</td> <td>127%</td> </tr> <tr> <td>First Financial Bankshares Inc. FFIN</td> <td>Abilene, Texas</td> <td>$6,402</td> <td>13.76%</td> <td>165%</td> </tr> <tr> <td>Raymond James Financial Inc. RJF</td> <td>St. Petersburg, Fla.</td> <td>$19,165</td> <td>13.71%</td> <td>160%</td> </tr> <tr> <td>Source: FactSet</td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table> Click on the tickers for more about each bank. The MarketWatch quote page can be an excellent start for your own research. Click here for Tomi Kilgore's new, detailed guide to the wealth of information available for free on the quote page.</p><p><blockquote><table><tbody><tr><td>公司</td><td>城市</td><td>市值。（百万美元）</td><td>平均ROCE——20个季度</td><td>总回报--5年</td></tr><tr><td>Ameriprise金融公司AMP</td><td>明尼阿波利斯</td><td>$30,871</td><td>27.66%</td><td>208%</td></tr><tr><td>美国运通公司AXP</td><td>纽约</td><td>$139,598</td><td>22.95%</td><td>197%</td></tr><tr><td><a href=\"https://laohu8.com/S/MCBS\">大都会银行股份公司</a>.MCBS</td><td>佐治亚州多拉维尔。</td><td>$530</td><td>22.80%</td><td>434%</td></tr><tr><td>探索金融服务DFS</td><td>伊利诺伊州里弗伍兹。</td><td>$38,934</td><td>22.58%</td><td>153%</td></tr><tr><td>ServisFirst Bancshares Inc.SFBS</td><td>阿拉巴马州伯明翰。</td><td>$4,176</td><td>18.32%</td><td>216%</td></tr><tr><td><a href=\"https://laohu8.com/S/SYF\">同步金融</a>SYF</td><td>康涅狄格州斯坦福德。</td><td>$28,616</td><td>18.07%</td><td>108%</td></tr><tr><td><a href=\"https://laohu8.com/S/AXO\">Axos金融公司</a>.斧头</td><td>拉斯维加斯</td><td>$2,769</td><td>16.82%</td><td>108%</td></tr><tr><td><a href=\"https://laohu8.com/S/SIVBO\">SVB金融集团</a>SIVB</td><td>加利福尼亚州圣克拉拉。</td><td>$38,129</td><td>16.63%</td><td>493%</td></tr><tr><td><a href=\"https://laohu8.com/S/WAL\">西部联盟银行</a>沃尔</td><td>凤凰</td><td>$10,740</td><td>16.61%</td><td>188%</td></tr><tr><td>欣厄姆储蓄机构HIFS</td><td>马萨诸塞州欣厄姆。</td><td>$738</td><td>16.46%</td><td>168%</td></tr><tr><td>夏威夷银行BOH</td><td>檀香山</td><td>$3,301</td><td>15.64%</td><td>30%</td></tr><tr><td>嘉信理财公司SCHW</td><td>德克萨斯州奥斯汀</td><td>$136,720</td><td>15.38%</td><td>162%</td></tr><tr><td>首选银行PFBC</td><td>洛杉矶</td><td>$982</td><td>15.33%</td><td>106%</td></tr><tr><td>西部银行公司WTBA</td><td>爱荷华州西得梅因</td><td>$488</td><td>14.85%</td><td>74%</td></tr><tr><td>库存码银行公司SYBT</td><td>肯塔基州路易斯维尔。</td><td>$1,468</td><td>14.35%</td><td>90%</td></tr><tr><td>莱克兰金融公司LKFN</td><td>印第安纳州华沙。</td><td>$1,691</td><td>14.18%</td><td>110%</td></tr><tr><td>Flagstar银行公司FBC</td><td>密歇根州特洛伊。</td><td>$2,647</td><td>14.10%</td><td>83%</td></tr><tr><td>华美银行EWBC</td><td>加利福尼亚州帕萨迪纳。</td><td>$10,669</td><td>14.01%</td><td>127%</td></tr><tr><td>第一金融银行股份公司FFIN</td><td>德克萨斯州阿比林</td><td>$6,402</td><td>13.76%</td><td>165%</td></tr><tr><td>雷蒙德·詹姆斯金融公司RJF</td><td>佛罗里达州圣彼得堡。</td><td>$19,165</td><td>13.71%</td><td>160%</td></tr><tr><td>来源：FactSet</td><td></td><td></td><td></td><td></td></tr></tbody></table>单击股票代码了解有关每家银行的更多信息。MarketWatch报价页面可以成为您自己研究的良好开端。单击此处获取孙铁麟·基尔戈(Tomi Kilgore)的新详细指南，了解报价页面上免费提供的大量信息。</blockquote></p><p> You can see that most of the banks on the list are relatively small, backing Subramanian's preference for small-caps. But American Express Co. made the list, along with Schwab and credit card players Discover Financial Services and Synchrony Financial (SYF).</p><p><blockquote>你可以看到名单上的大多数银行都相对较小，这支持了萨勃拉曼尼亚对小盘股的偏好。但美国运通公司、嘉信理财和信用卡公司Discover Financial Services和Synchrony Financial(SYF)上榜。</blockquote></p><p> The right-most column contains total returns, with dividends reinvested, for the past five years through Sept. 24. In comparison, the S&P 1500 banking industry group returned 124% and the S&P Composite 1500 returned 111% over the same period.</p><p><blockquote>最右边的一栏包含截至9月24日的过去五年的总回报（包括股息再投资）。相比之下，同期标准普尔1500银行业集团的回报率为124%，标准普尔综合1500指数的回报率为111%。</blockquote></p><p> <b>Analysts' price targets</b></p><p><blockquote><b>分析师的价格目标</b></blockquote></p><p> Here's the list again, in the same order, with a summary of analysts' opinions, dividend yields and forward P/E ratios:</p><p><blockquote>以下是该列表，按相同顺序，总结了分析师的意见、股息收益率和远期市盈率：</blockquote></p><p></p><p> <table> <tbody> <tr> <td>Company</td> <td>Share \"buy\" ratings</td> <td>Closing price -- Sept. 24</td> <td>Consensus price target</td> <td>Implied 12-month upside potential</td> <td>Dividend yield</td> <td>Forward P/E</td> </tr> <tr> <td>Ameriprise Financial Inc. AMP</td> <td>77%</td> <td>$271.40</td> <td>$292.50</td> <td>8%</td> <td>1.67%</td> <td>11.9</td> </tr> <tr> <td>American Express Co. AXP</td> <td>45%</td> <td>$175.72</td> <td>$182.35</td> <td>4%</td> <td>0.98%</td> <td>22.4</td> </tr> <tr> <td>MetroCity Bankshares Inc. MCBS</td> <td>0%</td> <td>$20.80</td> <td>$22.50</td> <td>8%</td> <td>2.31%</td> <td>8.2</td> </tr> <tr> <td>Discover Financial Services DFS</td> <td>54%</td> <td>$130.01</td> <td>$136.22</td> <td>5%</td> <td>1.54%</td> <td>10.4</td> </tr> <tr> <td>ServisFirst Bancshares Inc. SFBS</td> <td>0%</td> <td>$77.05</td> <td>$70.33</td> <td>-9%</td> <td>1.04%</td> <td>20.4</td> </tr> <tr> <td>Synchrony Financial SYF</td> <td>77%</td> <td>$50.23</td> <td>$57.21</td> <td>14%</td> <td>1.75%</td> <td>8.9</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/AX\">Axos Financial Inc</a>. AX</td> <td>88%</td> <td>$46.65</td> <td>$56.00</td> <td>20%</td> <td>0.00%</td> <td>13.0</td> </tr> <tr> <td><a href=\"https://laohu8.com/S/SIVBP\">SVB Financial Group</a> SIVB</td> <td>61%</td> <td>$649.96</td> <td>$671.65</td> <td>3%</td> <td>0.00%</td> <td>26.0</td> </tr> <tr> <td>Western Alliance Bancorp WAL</td> <td>92%</td> <td>$103.07</td> <td>$120.42</td> <td>17%</td> <td>1.36%</td> <td>11.6</td> </tr> <tr> <td>Hingham Institution for Savings HIFS</td> <td>N/A</td> <td>N/A</td> <td>N/A</td> <td>N/A</td> <td>0.59%</td> <td>N/A</td> </tr> <tr> <td>Bank of Hawaii Corp. BOH</td> <td>17%</td> <td>$81.55</td> <td>$90.80</td> <td>11%</td> <td>3.43%</td> <td>15.9</td> </tr> <tr> <td>Charles Schwab Corp. SCHW</td> <td>63%</td> <td>$75.59</td> <td>$83.83</td> <td>11%</td> <td>0.95%</td> <td>23.0</td> </tr> <tr> <td>Preferred Bank PFBC</td> <td>50%</td> <td>$65.91</td> <td>$73.00</td> <td>11%</td> <td>2.31%</td> <td>10.4</td> </tr> <tr> <td>West Bancorp Inc. WTBA</td> <td>0%</td> <td>$29.48</td> <td>$32.00</td> <td>9%</td> <td>3.26%</td> <td>10.8</td> </tr> <tr> <td>Stock Yards Bancorp Inc. SYBT</td> <td>25%</td> <td>$55.23</td> <td>$54.33</td> <td>-2%</td> <td>2.03%</td> <td>17.8</td> </tr> <tr> <td>Lakeland Financial Corp. LKFN</td> <td>0%</td> <td>$66.83</td> <td>$63.67</td> <td>-5%</td> <td>2.04%</td> <td>18.2</td> </tr> <tr> <td>Flagstar Bancorp Inc. FBC</td> <td>60%</td> <td>$50.08</td> <td>$62.75</td> <td>25%</td> <td>0.48%</td> <td>7.8</td> </tr> <tr> <td>East West Bancorp Inc. EWBC</td> <td>83%</td> <td>$75.20</td> <td>$90.91</td> <td>21%</td> <td>1.76%</td> <td>12.6</td> </tr> <tr> <td>First Financial Bankshares Inc. FFIN</td> <td>0%</td> <td>$44.97</td> <td>$45.33</td> <td>1%</td> <td>1.33%</td> <td>30.3</td> </tr> <tr> <td>Raymond James Financial Inc. RJF</td> <td>82%</td> <td>$93.13</td> <td>$106.79</td> <td>15%</td> <td>1.12%</td> <td>14.2</td> </tr> <tr> <td>Source: FactSet</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table> </p><p><blockquote><table><tbody><tr><td>公司</td><td>分享“买入”评级</td><td>收盘价——9月24日</td><td>共识价格目标</td><td>隐含的12个月上涨潜力</td><td>股息率</td><td>远期市盈率</td></tr><tr><td>Ameriprise金融公司AMP</td><td>77%</td><td>$271.40</td><td>$292.50</td><td>8%</td><td>1.67%</td><td>11.9</td></tr><tr><td>美国运通公司AXP</td><td>45%</td><td>$175.72</td><td>$182.35</td><td>4%</td><td>0.98%</td><td>22.4</td></tr><tr><td>大都会银行股份公司MCBS</td><td>0%</td><td>$20.80</td><td>$22.50</td><td>8%</td><td>2.31%</td><td>8.2</td></tr><tr><td>探索金融服务DFS</td><td>54%</td><td>$130.01</td><td>$136.22</td><td>5%</td><td>1.54%</td><td>10.4</td></tr><tr><td>ServisFirst Bancshares Inc.SFBS</td><td>0%</td><td>$77.05</td><td>$70.33</td><td>-9%</td><td>1.04%</td><td>20.4</td></tr><tr><td>同步金融SYF</td><td>77%</td><td>$50.23</td><td>$57.21</td><td>14%</td><td>1.75%</td><td>8.9</td></tr><tr><td><a href=\"https://laohu8.com/S/AX\">Axos金融公司</a>.斧头</td><td>88%</td><td>$46.65</td><td>$56.00</td><td>20%</td><td>0.00%</td><td>13.0</td></tr><tr><td><a href=\"https://laohu8.com/S/SIVBP\">SVB金融集团</a>SIVB</td><td>61%</td><td>$649.96</td><td>$671.65</td><td>3%</td><td>0.00%</td><td>26.0</td></tr><tr><td>西部联盟银行WAL</td><td>92%</td><td>$103.07</td><td>$120.42</td><td>17%</td><td>1.36%</td><td>11.6</td></tr><tr><td>欣厄姆储蓄机构HIFS</td><td>N/A</td><td>N/A</td><td>N/A</td><td>N/A</td><td>0.59%</td><td>N/A</td></tr><tr><td>夏威夷银行BOH</td><td>17%</td><td>$81.55</td><td>$90.80</td><td>11%</td><td>3.43%</td><td>15.9</td></tr><tr><td>嘉信理财公司SCHW</td><td>63%</td><td>$75.59</td><td>$83.83</td><td>11%</td><td>0.95%</td><td>23.0</td></tr><tr><td>首选银行PFBC</td><td>50%</td><td>$65.91</td><td>$73.00</td><td>11%</td><td>2.31%</td><td>10.4</td></tr><tr><td>西部银行公司WTBA</td><td>0%</td><td>$29.48</td><td>$32.00</td><td>9%</td><td>3.26%</td><td>10.8</td></tr><tr><td>库存码银行公司SYBT</td><td>25%</td><td>$55.23</td><td>$54.33</td><td>-2%</td><td>2.03%</td><td>17.8</td></tr><tr><td>莱克兰金融公司LKFN</td><td>0%</td><td>$66.83</td><td>$63.67</td><td>-5%</td><td>2.04%</td><td>18.2</td></tr><tr><td>Flagstar银行公司FBC</td><td>60%</td><td>$50.08</td><td>$62.75</td><td>25%</td><td>0.48%</td><td>7.8</td></tr><tr><td>华美银行EWBC</td><td>83%</td><td>$75.20</td><td>$90.91</td><td>21%</td><td>1.76%</td><td>12.6</td></tr><tr><td>第一金融银行股份公司FFIN</td><td>0%</td><td>$44.97</td><td>$45.33</td><td>1%</td><td>1.33%</td><td>30.3</td></tr><tr><td>雷蒙德·詹姆斯金融公司RJF</td><td>82%</td><td>$93.13</td><td>$106.79</td><td>15%</td><td>1.12%</td><td>14.2</td></tr><tr><td>来源：FactSet</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></tbody></table></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/bank-stocks-are-cheap-here-are-the-20-best-players-in-the-industry-11632747882?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRCT":"Cricut, Inc.","HCTI":"Healthcare Triangle, Inc.","AMP":"阿莫斯莱斯金融","OLPX":"Olaplex Holdings, Inc.","AXP":"美国运通","DFS":"发现金融","SCHW":"嘉信理财","FWRG":"First Watch Restaurant Group, Inc.","TERN":"Terns Pharmaceuticals, Inc.","SYF":"Synchrony Financial"},"source_url":"https://www.marketwatch.com/story/bank-stocks-are-cheap-here-are-the-20-best-players-in-the-industry-11632747882?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2170930623","content_text":"Bank stocks have soared during 2021, but are still trading lower than usual to the market as a whole\nBLOOMBERG\nBank stocks have had a good run in 2021, but they still lag behind the broader market's recovery since the pandemic doldrums of 2020. And now that the Federal Reserve seems likely to allow interest rates to rise soon, the banks may have an easier time improving their profits.\nBelow is a list of the best-performing U.S. banks over the past five years, based on returns on common equity.\nDuring her recent discussion of stock-market strategy on CNBC, Savita Subramanian, the head of U.S. equity and quantitative strategy at Bank of America, said that small-cap stocks, especially energy and financial companies, were trading at compelling valuations and could give investors \"more earnings yield for the same price.\"\nHere's a recent screen of energy stocks.\nLow valuations\nTaking a broad look at forward price-to-earning valuations for the S&P 1500 Composite Index (made up of the large-cap S&P 500 , the S&P 400 Mid Cap Index $(MID)$ and the S&P Small Cap 600 Index ), bank stocks are trading relatively cheaply:\nFACTSET\nThe S&P 1500 bank industry group trades at a price-to-earnings ratio of 12.6, based on weighted consensus price-to-earnings estimates for the next 12 months among analysts polled by FactSet. The full S&P 1500 Composite Index trades at a forward P/E of 20.5. The average forward P/E for the banks over the past 15 years has been 12.5, while the average forward P/E for the full index has been 15.4.\nSo the banks now trade for 61% of the S&P 1500's forward P/E valuation, while they have traded for 81% on average.\nAnd that is despite the banks' outperformance this year, returning 34%, while the S&P Composite 1500 has returned 20%.\nA coming slowdown of bond purchases by the Federal Reserve is expected to push long-term interest rates higher, which for most banks will mean increased profitability, with wider spreads between rates on loans and those paid on deposits. The market has been anticipating the Fed's change in policy, pushing yields on 10-year U.S. Treasury notes to 1.49% early on Sept. 27 from 1.31% on Sept. 20.\nBank-stock screen -- return on common equity\nWhile Subramanian emphasized small-cap stocks, it seems reasonable to look at all bank stocks and find the ones with the best average returns on common equity. A screen on ROCE can work well within an industry such as banking, because the banks are required to hold minimum levels of capital, including common equity, by regulators. In other industries you may have healthy profitable companies that have negative equity. An example is McDonald's Corp. $(MCD)$, which had negative total shareholders' equity of $5.8 billion as of June 30.\nIt also makes sense to include large banks in our screen because the biggest and most complex U.S. banks are required by regulators to hold more capital than smaller banks. If a big bank make makes the list, so be it: Its ROCE denominator is larger, so it has more of a hill to climb.\nStarting with the Russell 3000 Index, which represents about 98% of U.S. stocks by market capitalization, we identified 229 banks. This includes some companies that are investment banks and/or brokers. The determining factor for a company such as Charles Schwab Corp. $(SCHW)$, for example, is whether of not it files a bank or savings and loan holding company report with the Federal Reserve. If it does, it means the company is gathering deposits insured by the FDIC. Schwab does so through its subsidiary, Charles Schwab Bank SSB.\nLooking back over the past 20 reported quarters through June 30, here are the 20 banks with the highest average returns on common equity. The list is limited to U.S. banks for which the data is available from FactSet for all of those quarters.\n\n\n\nCompany\nCity\nMarket cap. ($mil)\nAverage ROCE -- 20 quarters\nTotal return -- 5 years\n\n\nAmeriprise Financial Inc. AMP\nMinneapolis\n$30,871\n27.66%\n208%\n\n\nAmerican Express Co. AXP\nNew York\n$139,598\n22.95%\n197%\n\n\nMetroCity Bankshares Inc. MCBS\nDoraville, Ga.\n$530\n22.80%\n434%\n\n\nDiscover Financial Services DFS\nRiverwoods, Ill.\n$38,934\n22.58%\n153%\n\n\nServisFirst Bancshares Inc. SFBS\nBirmingham, Ala.\n$4,176\n18.32%\n216%\n\n\nSynchrony Financial SYF\nStamford, Conn.\n$28,616\n18.07%\n108%\n\n\nAxos Financial Inc. AX\nLas Vegas\n$2,769\n16.82%\n108%\n\n\nSVB Financial Group SIVB\nSanta Clara, Calif.\n$38,129\n16.63%\n493%\n\n\nWestern Alliance Bancorp WAL\nPhoenix\n$10,740\n16.61%\n188%\n\n\nHingham Institution for Savings HIFS\nHingham, Mass.\n$738\n16.46%\n168%\n\n\nBank of Hawaii Corp. BOH\nHonolulu\n$3,301\n15.64%\n30%\n\n\nCharles Schwab Corp. SCHW\nAustin, Texas\n$136,720\n15.38%\n162%\n\n\nPreferred Bank PFBC\nLos Angeles\n$982\n15.33%\n106%\n\n\nWest Bancorp Inc. WTBA\nWest Des Moines, Iowa\n$488\n14.85%\n74%\n\n\nStock Yards Bancorp Inc. SYBT\nLouisville, Ky.\n$1,468\n14.35%\n90%\n\n\nLakeland Financial Corp. LKFN\nWarsaw, Ind.\n$1,691\n14.18%\n110%\n\n\nFlagstar Bancorp Inc. FBC\nTroy, Mich.\n$2,647\n14.10%\n83%\n\n\nEast West Bancorp Inc. EWBC\nPasadena, Calif.\n$10,669\n14.01%\n127%\n\n\nFirst Financial Bankshares Inc. FFIN\nAbilene, Texas\n$6,402\n13.76%\n165%\n\n\nRaymond James Financial Inc. RJF\nSt. Petersburg, Fla.\n$19,165\n13.71%\n160%\n\n\nSource: FactSet\n\n\n\n\n\n\n\nClick on the tickers for more about each bank. The MarketWatch quote page can be an excellent start for your own research. Click here for Tomi Kilgore's new, detailed guide to the wealth of information available for free on the quote page.\nYou can see that most of the banks on the list are relatively small, backing Subramanian's preference for small-caps. But American Express Co. made the list, along with Schwab and credit card players Discover Financial Services and Synchrony Financial (SYF).\nThe right-most column contains total returns, with dividends reinvested, for the past five years through Sept. 24. In comparison, the S&P 1500 banking industry group returned 124% and the S&P Composite 1500 returned 111% over the same period.\nAnalysts' price targets\nHere's the list again, in the same order, with a summary of analysts' opinions, dividend yields and forward P/E ratios:\n\n\n\nCompany\nShare \"buy\" ratings\nClosing price -- Sept. 24\nConsensus price target\nImplied 12-month upside potential\nDividend yield\nForward P/E\n\n\nAmeriprise Financial Inc. AMP\n77%\n$271.40\n$292.50\n8%\n1.67%\n11.9\n\n\nAmerican Express Co. AXP\n45%\n$175.72\n$182.35\n4%\n0.98%\n22.4\n\n\nMetroCity Bankshares Inc. MCBS\n0%\n$20.80\n$22.50\n8%\n2.31%\n8.2\n\n\nDiscover Financial Services DFS\n54%\n$130.01\n$136.22\n5%\n1.54%\n10.4\n\n\nServisFirst Bancshares Inc. SFBS\n0%\n$77.05\n$70.33\n-9%\n1.04%\n20.4\n\n\nSynchrony Financial SYF\n77%\n$50.23\n$57.21\n14%\n1.75%\n8.9\n\n\nAxos Financial Inc. AX\n88%\n$46.65\n$56.00\n20%\n0.00%\n13.0\n\n\nSVB Financial Group SIVB\n61%\n$649.96\n$671.65\n3%\n0.00%\n26.0\n\n\nWestern Alliance Bancorp WAL\n92%\n$103.07\n$120.42\n17%\n1.36%\n11.6\n\n\nHingham Institution for Savings HIFS\nN/A\nN/A\nN/A\nN/A\n0.59%\nN/A\n\n\nBank of Hawaii Corp. BOH\n17%\n$81.55\n$90.80\n11%\n3.43%\n15.9\n\n\nCharles Schwab Corp. SCHW\n63%\n$75.59\n$83.83\n11%\n0.95%\n23.0\n\n\nPreferred Bank PFBC\n50%\n$65.91\n$73.00\n11%\n2.31%\n10.4\n\n\nWest Bancorp Inc. WTBA\n0%\n$29.48\n$32.00\n9%\n3.26%\n10.8\n\n\nStock Yards Bancorp Inc. SYBT\n25%\n$55.23\n$54.33\n-2%\n2.03%\n17.8\n\n\nLakeland Financial Corp. LKFN\n0%\n$66.83\n$63.67\n-5%\n2.04%\n18.2\n\n\nFlagstar Bancorp Inc. FBC\n60%\n$50.08\n$62.75\n25%\n0.48%\n7.8\n\n\nEast West Bancorp Inc. EWBC\n83%\n$75.20\n$90.91\n21%\n1.76%\n12.6\n\n\nFirst Financial Bankshares Inc. FFIN\n0%\n$44.97\n$45.33\n1%\n1.33%\n30.3\n\n\nRaymond James Financial Inc. RJF\n82%\n$93.13\n$106.79\n15%\n1.12%\n14.2\n\n\nSource: FactSet","news_type":1,"symbols_score_info":{"ALVU":0.9,"CRCT":0.9,"DFS":0.9,"FWRG":0.9,"OLPX":0.9,"AXP":0.9,"TERN":0.9,"HCTI":0.9,"SYF":0.9,"AMP":0.9,"SCHW":0.9}},"isVote":1,"tweetType":1,"viewCount":1780,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/866888431"}
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