As Interest Rates Explode Higher, 7 ‘Strong Buy’ Warren Buffett Dividend Stocks Will Benefit Big Time

Capital One accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits and time deposits. Its loan products include credit card loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans.

The company also offers credit and debit card products, online direct banking services and treasury management and depository services. It serves consumers, small businesses and commercial clients through digital channels, branches, cafés and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and California.

Capital One Financial stock comes with a 2.39% dividend. The $130 Citigroup target price compares with a consensus target of $116.18 and Thursday’s close at $98.93.

Citigroup

This top bank stock has rallied nicely off the lows, and Buffett bought $2.5 billion worth of stock back in the summer of 2022. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations and governments a broad range of financial products and services.

The company offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. And it operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia and elsewhere.

Trading at a still cheap 7.0 times estimated 2023 earnings, Citigroup stock looks quite reasonable in what remains a volatile stock market and in a sector that has dramatically lagged.

Investors receive a 4.87% dividend. Citigroup stock has an $85 price target at Oppenheimer, which is a Wall Street high. The consensus target is $50.61, and shares closed at $41.71 on Thursday.

Mastercard

This continues to be one of the top credit card players in the world. Mastercard Inc. (NYSE: MA) is a technology company that provides transaction processing and other payment-related products and services globally. It facilitates the processing of payment transactions, including authorization, clearing and settlement, as well as delivers other payment-related products and services.

The company offers integrated products and value-added services for account holders, merchants, financial institutions, businesses, governments and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments. Its payment products and solutions allow its customers to access funds in deposit and other accounts, and it offers prepaid programs services, as well as commercial credit, debit and prepaid payment products and solutions.

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