First Republic Bank (NYSE: FRC) started rescue talks – and it ended up getting $30 billion from eleven banks.
JPMorgan, Citigroup, Bank of America and Wells Fargo will each contribute $5 billion…
While Goldman Sachs and Morgan Stanley will deposit about $2.5 billion.
Truist, PNC, U.S Bancorp, State Street and Bank of New York Mellon will contribute about $1 billion apiece – according to FoxBusiness.
But while the financial market turmoil shows no signs up letting up…
Some bank insiders are scooping up shares of their own stocks.
Take Charles Schwab’s (NYSE: SCHW) CEO Walter Bettinger for example…
Who after seeing his firm’s shares drop by more than 30%, he decided to buy 50,000 shares for his own personal account.
And he’s not the only doing so.
It seems that the bank’s clients were also loading up on SCHW shares.
But what are the 3 bank stocks that are showing strong insider-buying activity?
According to Yahoo Finance…
They are Fifth Third Bancorp (NASDAQ: FITB)… Stellar Bancorp (NASDAQ: STEL)… and Coastal Financial (NASDAQ: CCB).
Considering Wall Street’s average price target for these stocks…
You could see an upside of up to 57%… 29.5%… and 59% (respectively).
Right now, I’m not rushing back into the market with speculative growth stocks.
I’m not buying money losing tech IPOs with an unproven business model.
And I’m not speculating in digital coins.
My new investments are generating cash and paying me income – thanks to rising interest rates.
Why? Simple…
Because higher rates mean higher income from every investment.
This means you can buy high yield income investments at cheap valuations.
And that creates the perfect setup for huge profits in the coming months.
That’s why I’m looking to BUY…
- Profitable stocks with large and growing dividends
- Funds paying out 10% – 15% in income – with the potential for another 20% – 30% in capital gains
- Real estate paying out 20% income (not REITs)
- America’s most profitable stocks paying 1-day dividends of 28%… 39%… and even 45%
- Plus, other “off Wall Street” investments that generate cash in any market