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There’s A Flood Of Free Money Coming Your Way

Dear Rundown Reader,

Want easy money from the market?

Then you should look no further than high-quality dividend payers.

And after the Fed’s recent stress test on banks, it looks like we have some great options in the space.

That’s right folks.

A flood of free money is on its way. And you can get your slice too…

The kicker is you have to own these bank stocks.

Not a winning move in 2018 so far. But that said, things are starting to look up for big banking.

Today’s Rundown breaks down what you need to know.

Your Rundown for Friday, June 29, 2018…

Fed’s Stress Reveals Good News For Bank Stock Owners

The Fed’s recent bank “stress test” has yielded some interesting results.

The Fed issues its stress test once a year and it sets the tone for what banks can and can’t do.

Good news from the report too…

The Fed has deemed most large banks “healthy”, as reported by The New York Times.

And as a result, banks stocks are on the move upwards.

Here’s yesterday’s chart for the Financial Select Sector SPDR ETF (XLF).

banks

What can bank stock owners look forward to now?

Holders should enjoy at least a brief respite from the recent down days. Bank stocks appear ready to continue yesterday’s uptrend.

Pre-market most major players are in the green.

Financial

Source: FinViz

The best part however is over 20 banks have announced they will raise their dividend payouts, as reported by Bloomberg.

This could represent a much needed boost for banks stocks who have lagged considerably as a sector in 2018.

The New York Times reports, six of America’s largest banks are now approved to pay a collective $125 billion in the form of increased dividends.

Whether the markets up or down, strong dividend payouts are your best bet for easy money.

Take JPMorgan (NYSE: JPM) for example. As of today the company pays a dividend yield of 2.13% at an annualized payout of $2.24 per share.

And as CNBC notes, JPMorgan is one of the banks cleared to “boost distributions.”

The point is, there’s no telling when the market’s volatility will end.

And when we have good news, and good reasons to act, we should.

Bank stocks got a little more enticing today.

Especially for those who like free money in the form of high-quality dividend payers.

Now, turning to the markets this morning…

Market Rundown for Fri., June 29

Yield on the 10-Year Treasury sits at 2.847% this morning, up 0.003.

S&P 500 futures are up 12.00 at 2,731.

Oil’s flat at $73.42.

Gold’s up $1.40 to $1,252.

Bitcoin goes for $5,864 this morning, according to CoinDesk.

We’ll talk again on Monday. Have great weekend.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown. Aaron’s been with Agora Financial/Seven Figure Publishing for 13 years. He's been covering technology and markets for over a decade.

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