Thanks to the current low-interest-rate environment, most banking products such as CDs and savings accounts don't pay very much. On the other hand, many bank stocks pay their investors exceptionally well. While that higher reward requires taking greater risk, it could be well worth it considering that the yields on most banking products don't even match inflation these days. Overall, the sector boasts several high-yield options, though three that caught our eye are Wells Fargo (NYSE: WFC), Royal Bank of Canada (NYSE: RY), and New York Community Bancorp (NYSE: NYCB).
Brian Stoffel (Wells Fargo): Get this: I'm so disgusted with everything that's come out about the behavior at Wells Fargo over the past two years that my wife and I will be switching banks after being with them for 15 years. And yet, I think if you're looking for a safe banking dividend stock, this might be just the place to go.
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Source: Fool.com