10 Best Regional Bank Stocks

What are Regional Bank Stocks?

Regional bank stocks refer to the shares of publicly traded banks that operate in a specific geographical region or area.

These banks typically serve local communities and small to medium-sized businesses, offering a range of banking services such as loans, mortgages, and checking accounts.

Regional bank stocks can provide investors with exposure to the local economies and industries within the bank’s region.

If you’re looking for a broad-based regional banking ETF instead of individual stocks then try the SPDR S&P 500 Regional Banking ETF (KRE).

List of Best Regional Bank Stocks

  • US Bancorp (USB)
  • PNC Financial Services Group (PNC)
  • KeyCorp (KEY)
  • Fifth Third Bancorp (FITB)
  • Regions Financial Corporation (RF)
  • SunTrust Banks, Inc. (TFC)
  • M&T Bank Corporation (MTB)
  • Huntington Bancshares Incorporated (HBAN)
  • Comerica Incorporated (CMA)
  • Synovus Financial Corp (SNV)

Are Regional Bank Stocks a Good Investment?

With interest rates are higher levels, regional banking stocks are down 23% in 2023 due to a lack of investor interest and fears about unrealized losses on regional bank balance sheets.

Many of these banks purchased long-duration bonds & mortgage-backed securities when interest rates were low but are now underwater or insolvent due to rising interest rates.

You’re probably better off parking your cash in a high-yield savings account or money market fund instead of regional banking stocks if you believe interest rates will remain high in 2024.

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