This year, the global economy is forecast to grow at a rate of around 5.6 percent, the highest post-recession performance in the last 80 years. As the year unfolds, the picture for certain important businesses, such as global banking and finance, is beginning to appear less dismal. Earnings growth for the S&P 500 in the first quarter of 2021 exceeded and beyond estimates. Companies like Citigroup Inc. and Wells Fargo & Company, for example, are regaining momentum in the financial industry. Wells Fargo & Company also had a strong showing in the second quarter of 2021, with an EPS of $1.37, which topped expectations by $0.44. The company’s sales of $20.27 billion was $2.54 billion higher than expected.
Insider Monkey takes a look at 10 finance stocks that pay dividends. Universal Insurance Holdings, Inc. is ranked 10th on the list of dividend-paying finance stocks. The company’s revenue was $279.18 million, up 10.48 percent year over year and $6.28 million higher than analysts’ expectations. Northwest Bancshares, Inc. is ranked 9th on the list of dividend-paying finance stocks. The company’s revenue was $150.44 million, up 12.62 percent year over year and $19.37 million higher than expected. Artisan Partners Asset Management Inc. came in eighth. The firm focuses on providing high-value-added and active investing options to clients all around the world. It has also increased by 2.95 percent this year and 30.7 percent in the previous year. New York Community Bancorp, Inc. is ranked seventh. The bank has around 225 locations across the United States and is one of the country’s major financial institutions. It has increased by 15.46% in the last six months and 15.24% year to date. Webster Financial Corporation is ranked 6th on the list of dividend-paying finance stocks. In Connecticut, Massachusetts, Rhode Island, and New York, the bank has around 177 branches and 316 ATMs. William Wallace of Raymond James has boosted the price target on Webster Financial Corporation shares. For more details, click 10 Finance Stocks that Pay Dividends.
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