5 Best Bank Dividend Stocks

In this article, we will be looking at the 5 best bank dividend stocks. If you want to see our detailed analysis of the banking, and financials sector, you can go directly to the 10 Best Bank Dividend Stocks.

5. Morgan Stanley (NYSE: MS)

Number of Hedge Fund Holders: 79
Dividend Yield: 2.96%

Morgan Stanley (NYSE: MS) is a financial holding company that operates in the investment banking and brokerage industry. It offers financial products and services to a range of consumers including governments and corporations, in the US, Europe, the Middle East, Africa, and Asia. The company ranks 5th on our list of the best bank dividend stocks.

Citigroup’s Keith Horowitz has raised his price target on Morgan Stanley (NYSE: MS) this July to $97 from the previous $88 price target. Horowitz has also retained his Neutral rating on the company’s shares and has commented that Morgan Stanley (NYSE: MS) is maybe the best-positioned bank out there.

In the second quarter of 2021, Morgan Stanley (NYSE: MS) had an EPS of $1.89, beating estimates by $0.23. The company’s revenue was $14.76 billion, up 10.03% year over year and also beating estimates by $763.58 million. Morgan Stanley (NYSE: MS) has also gained 32.78% in the past 6 months and 38.37% year to date.

By the end of the first quarter of 2021, 79 hedge funds out of the 866 tracked by Insider Monkey held stakes in Morgan Stanley (NYSE: MS) worth roughly $5.28 billion. This is compared to 66 hedge funds in the previous quarter with a total stake value of approximately $5.66 billion.