Week 14, 2020

For Monday the pick is Fifth Third Bancorp (FITB). Established in 1858, they are one of the largest money managers in the Midwest with $169 billion in assets and over 1,100 branches. The current yield is 8.4%.

Next is Fulton Financial (FULT). We traded this last year in Week 26 and Week 40 with returns of 2.25% and 0.9%. In the most recent numbers there was some confusion over a rather large loan made to one of their customers, but it was still a record year for revenue and income. The current yield is 4.4%.

ABM Industries (ABM) gets the Wednesday slot. We traded this 111 year old facility management provider a year ago in Week 14 and cleared over 4%. Their most recent quarter has seen increases in both revenue and income. The current yield is 3.5%.

Glatfelter (GLT) is up next. This was our very first trade in 2020 and we’re still holding it. Unfortunately, it has experienced a significant drop of 44% compared to the S&P drop of approximately 30%. In any case, while the numbers don’t look so hot, they seem to have a plan in place as they transition to developing higher margin products. The current yield is just over 5%.

Finally, we’ll close things out with Erie Indemnity (ERIE). In business since 1925, this insurance company appears to be doing quite well. The current yield is 2.2%.