4 Reasons To Bet On Sterling Bancorp (STL) Stock Right Now
Zacks Investment Research | Aug 28, 2017 09:35PM ET
A supportive operating backdrop on the back of rising interest rates and improving domestic economy should help the banking industry thrive in the upcoming quarters. While increasing signals of political uncertainty are anticipated, one might take the advantage of the driving forces by betting on a few fundamentally strong bank stocks.
Sterling Bancorp (NYSE:STL) is one such stock, carrying Zacks Rank #2 (Buy). The stock has missed the Zacks Consensus Estimate in just one of the trailing four quarters. Moreover, the estimates for 2017 and 2018 have remained stable at $1.39 and $1.70, respectively, over the past seven days.
The stock gained around 26.4% in a year, outperforming the 17.9% growth recorded by the Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.