TFSL: Ride the Regional Bank Recovery — A Mid-term Long Trade After an Earnings Pop and Loan Momentum
TFS Financial (TFSL) looks set to benefit from steady loan growth, a hefty cash dividend and improving investor sentiment in regional banks. Valuation is reasonable on a price-to-book around 2.6 and the stock sits below its 52-week high, giving room for a mid-term rebound. I outline a precise entry, stop and target for a 45-trading-day swing trade …