Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 10.6% over the past six months. This drawdown was especially discouraging since the S&P 500 held steady.
By the close of today, November 14, 2023, Northwest Bancshares (NASDAQ:NWBI) will issue a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 8.15%. Only those investors who owned the stock prior to the ex-dividend date on November 01, 2023 will receive this payout.
Companies Reporting Before The Bell • Deutsche Bank (NYSE:DB) is estimated to report quarterly earnings at $0.52 per share on revenue of $7.65 billion.
Companies Reporting Before The Bell • Webster Finl (NYSE:WBS) is estimated to report quarterly earnings at $1.46 per share on revenue of $603.11 million.
