Riding the Wave of Regional Consolidation
Regional banking has provided investors with compelling value propositions and attractive returns over the past several years. Investors who chose to select individual stocks have the ability to take the "Rifle" approach with regional banking - able to target specific areas in the United States that have attractive economic characteristics (such as robust economies in regions that have experienced an economic windfall through geographic factors) and capitalize on this prosperity by investing in specific regionals.
One regional that I believe provides investors with an attractive value proposition is Washington Federal (NASDAQ:WAFD). In this article, I will discuss why regional banking is attractive, illustrate examples of consolidation in Washington Federal's geographic operating region...
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