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Interest Rates to Rise in 2022 and 2023: 5 Big Dividend Paying Banks to Buy Now

The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services. It serves corporate, middle market and commercial real estate developers and investors.

The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, branch small business and indirect loans, consumer credit cards and other consumer loans, as well as deposits.

The Wealth Management segment offers credit-related products and retirement and savings solutions, as well as trust and investment management, asset management and estate planning services to individuals, businesses, governmental institutions and nonprofit entities.

As of February 25, 2021, it operated 1,300 banking offices and 2,000 automated teller machines across the South, Midwest and Texas. Regions Financial was founded in 1970 and is headquartered in Birmingham, Alabama.

Investors receive a 3.11% dividend. Morgan Stanley has set a $30 price target. The consensus target for Regions Financial stock is $26.13, and shares ended Thursday at $21.96.

U.S. Bancorp

This top super-regional bank is another of the higher-paying dividend bank stocks. U.S. Bancorp (NYSE: USB): provides various financial services in the United States through a network of 2,434 banking offices, principally operating in the Midwest and western regions of the United States, as well as through online services and a network of 4,232 ATMs.

The company offers depository services, including checking accounts, savings accounts and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance and other products. It also provides ancillary services comprising capital markets, treasury management and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations. In addition, the company offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds.

U.S. Bancorp also provides corporate and purchasing card and corporate trust services, and merchant processing services, as well as cash and investment management, ATM processing, mortgage banking and brokerage and leasing services.

Shareholders receive a 3.21% dividend. Jefferies has a Wall Street high $71 price target. The consensus target is $67.06, and U.S. Bancorp stock closed at $57.43 a share on Thursday.


The Federal Reserve is way behind the curve, and despite offering some positive forward-looking comments this week, the reality is the problems in the economy and the soaring inflation, which is at the highest level in 40 years, will not be going away anytime soon. These top banks are among the best ideas for growth and income investors looking for where to move capital and resources in 2022 and all five pay at least a 3% dividend.

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