(VIANEWS) - American International Group (AIG), U.S. Bancorp (USB), ConnectOne Bancorp (CNOB) are the highest sales growth and return on equity stocks on this list.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option?
1. American International Group (AIG)
235.8% sales growth and 24.43% return on equity
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, plan administrative, and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. The company was founded in 1919 and is headquartered in New York, New York.
Earnings per Share
American International Group's trailing 12 months profit per share was $-6.88
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability of a company relative to shareholders' equity, was 24.43%.2. U.S. Bancorp (USB)
20.5% sales growth and 13.24% return on equity
U.S. Bancorp is a holding company for financial services. It provides financial services to individual, business, institutions, government entities, and other financial institutions throughout the United States. The company operates in Corporate and Commercial Banking and Consumer and Business Banking. It also offers Wealth Management and Investment Services and Payment Services. Treasury and Corporate Support are its segments. It offers depository services such as checking and savings accounts and time certificates contracts. Lending services include traditional credit products, credit cards, leasing financing, import/export trade and asset-backed lending. The company also offers ancillary services, including capital markets, Treasury Management, and receivable Lock-Box Collection services to corporate customers and governmental entities. It also provides asset management and fiduciary service for individuals, businesses, foundations and charities. The company also offers insurance and investment products, principally in its own markets. It can also provide fund administration services for a variety of mutual funds and other funds. It also offers corporate purchasing and trust services and merchant processing. The company's products and services were provided by a network consisting of 2230 banks offices primarily operating in the Midwest, West, and Central regions of the United States. It also operated an ATM network with 4,059 ATMs. Minnesota is the headquarters of this company, which was established in 1863.
Earnings per Share
U.S. Bancorp's trailing 12 months profit per share was $3.79
PE Ratio
U.S. Bancorp's trailing 12-month price-to-earnings ratio is 12.3. The purchaser of the shares is therefore investing $12.3 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the business' profitability relative to shareholders' equity, was 13.24%.Dividend Yield
Morningstar, Inc. has stated that the next dividend payment will be on Jun 28th 2022. The forward dividend rate and forward dividend yield are 1.84 and 3.9% respectively.
3. ConnectOne Bancorp (CNOB)
13.3% sales growth and 11.19% return on equity
ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services. The company's deposit products include personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts. It also provides consumer and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers insurance, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through a network of nine banking offices in Bergen County, five banking offices in Union County, two banking offices in Morris County, one office Essex County, one office in Hudson County, one office in Mercer County, one office in Monmouth County, one office in the borough of Manhattan, one office in Nassau County, and one office in Astoria, as well as six branches in the Hudson Valley. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.
Earnings Per Share
As for profitability, ConnectOne Bancorp has a trailing twelve months EPS of $3.02.
PE Ratio
ConnectOne Bancorp has a trailing twelve months price to earnings ratio of 8.02. Meaning, the purchaser of the share is investing $8.02 for every dollar of annual earnings.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 11.19%.Volume
ConnectOne Bancorp's current volume is 77575, which is 37.03% less than its average volume of 1232206.
4. Western New England Bancorp (WNEB)
10.1% sales growth and 10.73% return on equity
The holding company of Westfield Bank, Western New England Bancorp, Inc. provides retail and commercial banking services for individuals and small businesses. It accepts a variety of deposits, such as checking, savings and municipal savings; money market sweep; individual retirement accounts; time deposit; term certificates; interest on trust accounts. The company also provides commercial real estate and commercial construction loans. It also offers residential and home equity loans. The company also offers ATMs, telephone banking and online banking. It provides remote deposit capture and cash management services. It had 22 banks offices and 25 ATMs freestanding. There were also 23 temporary or seasonal ATMS in Agawam and Chicopee. In October 2016, the company, formerly called Westfield Financial, Inc., changed its name and became Western New England Bancorp, Inc. Western New England Bancorp, Inc. is an 1853 founded company based in Westfield, Massachusetts.
Earnings per Share
For profitability, Western New England Bancorp's trailing twelve-month EPS is $1.05.
PE Ratio
Western New England Bancorp's trailing 12-month price-to-earnings ratio is 9.1. The purchaser of the shares is therefore investing $9.1 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the business' profitability relative to shareholders' equity, was 10.73%.