Trustmark Corp (NASDAQ:TRMK) is a Jackson, Mississippi-based bank and insurance company. The $1.67B, 218 branch, five-state (MI, AL, FL, TN, and TX) firm is interesting in that its stock can benefit from either improving insurance or improving banking conditions. (Surprisingly there aren't that many decent sized bank-insurance company hybrids even though the industries share some important similarities. That's a subject for another article though.) The firm also has a wealth management division, but pretty much all banks do these days, and Trustmark's wealth management business is only a small part of the firm (4-8% of revenues depending on the quarter in question.)
For the long term, I like TRMK's hybrid structure and resulting diversification. Currently, the stock...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|