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Summary
- SVB Financial Group (Nasdaq:SVB) reported total revenue of US$751 million in Q2 this year.
- Principal Financial Group Inc (Nasdaq:PFG) reported a net income of US$361.8 million in Q2 this year.
- Fifth Third Bancorp’s (Nasdaq:FITB) net income in Q2, 2021, was US$709 million against US$195 million in Q2, 2020.
Financial stocks are companies that provide services like insurance, savings, loans, financial management, and payment services. They are generally banks, insurance and credit card companies, and brokerage firms.
Here we look at three financial stocks drawing investor attention.
SVB Financial Group (Nasdaq:SVB)
SVB runs commercial and private banks and the SVB capital. The stock of the personal finance solutions provider traded at US$583.01 at 9.43 am ET on August 9, down 0.95 percent from the closing price of August 6.
The market capitalisation of this finance company is US$33.2 billion. The P/E ratio and the forward P/E one year are 16.85 and 18.71. The earnings per share (EPS) is US$34.99. The share volume is 369,890. The highest and lowest stock value of this US company for the last 52 weeks is US$608.84 and US$221.55.
The total revenue of this fund management company for Q2 this year is US$751 million versus US$523 million in Q2, 2020. The net income of SVB for Q2, 2021, is US$515 million against US$233.5 million of Q2 the previous year.
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Fifth Third Bancorp (Nasdaq:FITB)
The stock of the bank holding company traded at US$37.49 at 9.49 am ET on August 9, a decline 0.68 percent from the closing price of August 6. The market capitalisation of FITB is US$26.3 billion.
The P/E ratio is 10.91 and the forward P/E one year is 10.42. The EPS is US$3.45. The annual dividend is US$1.08. The share volume is 138,684. The highest and lowest stock price of FITB is US$43.06 and US$19.32, respectively.
The total revenue of the financial holding company was US$1.3 billion in Q2 this year, while it was US$1.4 billion in Q2 the previous year. The net income of FITB in Q2, 2021, was US$709 million and US$195 million in Q2, 2020.
Also read: Where to park money? Three high-yield savings accounts worth exploring
Principal Financial Group Inc (Nasdaq:PFG)
The company offers insurance, asset management, and retirement plans. The stock of PFG traded at US$64.65 at 9.59 am ET on August 9, down 0.32 percent from the closing price of August 6. The market capitalisation of this US enterprise is US$17.3 billion.
The P/E ratio is 11.27 and the forward P/E one year is 9.99. The EPS and the annual dividend are US$5.74 and US$2.52. The share volume is 29,520. The highest and lowest stock price of PFG for 52 weeks is US$67.97 and US$37.03.
The total revenue of the investment management company was US$3.5 billion in Q2, 2021 and US$3.1 billion in Q2 2020. The net income for the reporting period was US$361.8 million, and it was US$398.3 million in Q2, 2020.
Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.
