MTB, AXP among top five S&P 500 financial stocks to explore

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MTB, AXP among top five S&P 500 financial stocks to explore

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 MTB, AXP among top five S&P 500 financial stocks to explore
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Highlights:

  • M&T Bank Corporation (NYSE: MTB) revenue surged 7% YoY in Q1, FY22.
  • The Travelers Companies, Inc. (NYSE: TRV) revenue soared 6% YoY in Q1, FY22.
  • American Express Company (NYSE: AXP) revenue jumped 29% YoY in Q1, FY22.

Banks are the largest segment of the financial sector, which also includes companies engaged exclusively in insurance and mortgage like REITs. Besides, there are also fintech companies.

Here we discuss the top five S&P 500 financial stocks worth exploring.

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M&T Bank Corporation (NYSE: MTB)

M&T Bank is a holding company based in Buffalo, New York. It provides financial services like retail banking, commercial banking, etc., to clients.

Its shares traded at US$178.85 at 12:59 pm ET on May 27, up 0.62% from their closing price of May 26. Its stock value increased by 12.32% YTD.

The firm has a market cap of US$32.13 billion, a P/E ratio of 13.68, and a forward one-year P/E ratio of 13.49. Its EPS is US$13.09.

The 52-week highest and lowest stock prices were US$186.95 and US$128.46, respectively. Its trading volume was 887,633 on May 26.

The total revenue of the company increased by 7% YoY to US$541 million in Q1, FY22. Its net income came in at US$362 million, or US$2.62 per diluted share, as compared to US$447 million, or US$3.33 per diluted share in the year-ago quarter.

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MTB, AXP among top five S&P 500 financial stocks to exploreSource: ©2022 Kalkine Media®

American International Group, Inc. (NYSE: AIG)

American International Group is a finance and insurance company based in New York.

The stock of the company traded at US$58.43 at 1:05 pm ET on May 27, up 1.21% from its previous closing price. The AIG stock rose 0.59% YTD.

The market cap of the company is US$50.39 billion, the P/E ratio is 5.06, and the forward one-year P/E ratio is 10.83. Its EPS is US$11.56.

The stock saw the highest price of US$65.73 and the lowest price of US$44.54 in the last 52 weeks. Its share volume on May 26 was 6,122,634.

The company reported a net income of US$4.3 billion, or US$5.15 per diluted share in Q1, FY22, as compared to US$3.9 billion, or US$4.41 per diluted share in the year-ago quarter.

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The Travelers Companies, Inc. (NYSE: TRV)

The Travelers Companies is one of the leading insurance companies in the US. Its services include commercial property-casualty insurance and personal insurance. It is based in New York.

The shares of the company traded at US$176.78 at 1:07 pm ET on May 27, up 1.09% from their closing price of May 26. Its stock value surged 12.28% YTD.

The firm has a market cap of US$42.40 billion, a P/E ratio of 11.18, and a forward one-year P/E ratio of 12.95. Its EPS is US$15.80.

The 52-week highest and lowest stock prices were US$187.98 and US$144.44, respectively. Its trading volume was 943,140 on May 26.

The company's total revenue surged 6% YoY to US$8.80 billion in Q1, FY22. Its net income came in at US$1.01 billion, or US$4.15 per diluted share, as compared to 733 million, or US$2.87 per diluted share in the year-ago quarter.

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Berkshire Hathaway Inc. (NYSE: BRK.B)

Berkshire Hathaway is a leading multinational conglomerate firm specializing in insurance, utilities, energy, freight rail transportation, etc. It is based in Omaha, Nebraska.

The stock traded at US$315.73 at 1:10 pm ET on May 27, up 1.03% from its previous closing price. The BRK.B stock soared 3.89% YTD.

The market cap of the company is US$696.48 billion, the P/E ratio is 8.53, and the forward one-year P/E ratio is 22.88. Its EPS is US$37.02.

The stock saw the highest price of US$362.10 and the lowest price of US$270.73 in the last 52 weeks. Its share volume on May 26 was 4,474,454.

The company's total revenue was US$70.81 billion in Q1, FY22, as compared to US$64.59 billion in the same quarter of the previous year. Its net earnings came in at US$5.58 billion, against an income of US$11.71 billion in Q1, FY21.

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Financial stocks: MTB, AIG, TRV, BRK.B, AXP,

American Express Company (NYSE: AXP)

American Express is a credit card and payment service company. It provides services to individual customers, small businesses, mid-sized companies, etc. It is based in New York.

Its shares traded at US$167.82 at 1:16 pm ET on May 27, up 1.48% from their closing price of May 26. Its stock value increased by 1.69% YTD.

The firm has a market cap of US$126.25 billion, a P/E ratio of 16.8, and a forward one-year P/E ratio of 16.94. Its EPS is US$9.98.

The 52-week highest and lowest stock prices were US$199.55 and US$149.71, respectively. Its trading volume was 2,463,957 on May 26.

The company's total revenue rose 29% YoY to US$11.73 billion in Q1, FY22. Its net income came in at US$2.09 billion, or US$2.73 per diluted share, as compared to US$2.23 billion, or US$2.74 per diluted share in the year-ago quarter.

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Bottom line:

Investors should exercise due diligence before investing in the equity market. It has been volatile this year. The S&P 500 financials sector tumbled 10.76% YTD while decreasing 6.82% in one year.

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