In a recent research note, the analysts at Goldman Sachs pointed out that many of the top hedge funds had been buying the shares of some of the top money center banks at the fastest pace in three years. The traders on Goldman Sachs’ prime brokerage desk reported that banks and trading companies were the most bought sectors in recent weeks. Many on Wall Street are pointing to a new era of lighter regulation as the wind behind the buying.
We screened our 24/7 Wall Street financial research database, looking for the top companies in the sector that also pay solid and dependable dividends. Four money center giants hit our screens, all rated Buy at major firms that we cover on Wall Street. In addition, all make sense for growth and income investors looking to add financial stocks to a well-rounded portfolio.
This post originally appeared at 24/7 Wall St.