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No. of Recommendations: 5
Outside of REIT's look at banks. Citi TBV (tangible book value) @ 2019 is $70 and will go to $75 by end of 2020. Now the stock price is $55, the dividend yield is 3.7% and they are buying back their stock at steady clip. They can reduce their share count by 8% to 10% each year for next 3 years, and grow their dividend by at least 10%.

WFC, Wells Fargo, @35 sporting an dividend yield of 5.8% and they will be aggressively buying back shares. Wells is restrained by FED from expanding their balance sheet, so all the cash they generate will be returned to the shareholders in the form of dividend and buybacks.

Compared to REIT's right now these banks sport solid dividends, they have a future where they will continue to grow, increase their dividend, and reduce the share count, further accelerating EPS growth, and dividend growth.

I will be buying banks in the coming weeks on any weakness.
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