Opinions
Jim Cramer - Mad Money
Truist Financial
TFC-N
BUY
May 16, 2022
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge. Regional banks like this make money whenever the Fed tightens, because they pay the same interest on your deposits, then invest that money in risk-free short-term treasuries to earn a big profit. A major player in the southeast and mid-Atlantic growth areas. It took a few eyars to adjust to their merger, but they are now producing strong numbers. Pays a 4.16% yield.
$46.120
Stock price when the opinion was issued
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(A Top Pick Nov 08/19, Down 8%) This was BB&T Corp. a bank in North Caroline and along the east coast. Was well-run. It merged with Sun Trust and changed names. This is especially strong in the southeast of the US, which he likes for its strong economics and demographics. The rising US yield curve is a tailwind and profitable for TFC.
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