The US Supreme Court’s latest ruling on Federal Reserve independence and expanded presidential power over agencies like the SEC and FTC has pushed regulatory risk back into the spotlight. For large US financial stocks, the mix of policy stability at the Fed and possible shifts in supervision and enforcement can reshape how investors think about earnings quality, capital strength, and longer term risk. This article looks at 3 stocks from the US Financial Sector Stocks screener that are closely tied to these themes, and explains why this legal backdrop could matter for your watchlist decisions today.

National Bank Holdings (NBHC)

Overview: National Bank Holdings is a regional bank holding company for NBH Bank, providing a full range of deposit, lending, and treasury management services to commercial, business, and consumer clients across several Western and Midwest US states.

Operations: National Bank Holdings generates US$429.2 million in banking revenue entirely from the United States.

Market Cap: US$2.0b

National Bank Holdings gives you direct exposure to how Federal Reserve policy filters into a real community and commercial lender, with earnings tied to loan margins, deposit costs, and regional economic health rather than complex trading operations. The company combines a growing digital platform and commercial focus with a history of cost discipline and a dividend yield of 2.83%, while trading below one estimate of its future cash flow value. At the same time, concentration in specific regions and sectors, recent pressure on net income, and shareholder dilution highlight that execution on growth, risk management, and buybacks really matters. The full story is in how those moving parts line up against rich earnings growth expectations and a premium P/E multiple.

National Bank Holdings looks like a regional lender where rich earnings expectations, a digital push, and that 2.83% yield could be masking the real story on growth quality and capital strength, and the 3 key rewards and 1 important warning sign may highlight the twist most investors are missing

Coastal Financial (CCB)

Overview: Coastal Financial is a Washington based bank holding company for Coastal Community Bank, offering traditional deposit and lending services to consumers and small and mid sized businesses. It also powers Banking as a Service partnerships that let digital platforms embed checking, savings, and payment products for their own customers.

Operations: Coastal Financial generates about US$255.5 million from its CCBX Banking as a Service platform, US$90.7 million from its Community Bank, and US$17.2 million from Treasury & Administration, with all US$363.3 million of revenue coming from the United States.

Market Cap: US$1.2b

Coastal Financial is an unusual mix of a local community bank and a fast growing Banking as a Service platform, so the Supreme Court’s support for Federal Reserve independence matters for both its funding costs and its lending outlook. Strong recent earnings and revenue growth, a best in class net interest margin, and analyst forecasts for rapid expansion sit alongside a rich P/E multiple, modest 9.8% ROE, and a net profit margin that has slipped to 13.6%. This raises the stakes if growth slows or credit costs rise. With the stock trading well below one fair value estimate but still priced at a premium compared with peers, the key question is whether Coastal Financial’s BaaS engine and balance sheet strength are enough to support that premium under a more politicized regulatory backdrop.

Coastal Financial’s fast growing BaaS engine and rich P/E are pulling in attention, but the real tension sits in the analyst forecasts for Coastal Financial and what happens if that growth path quietly bends.

DigitalBridge Group (DBRG)

Overview: DigitalBridge Group is a global investment manager that raises capital from institutions and shareholders to buy, build, and operate digital infrastructure such as data centers, cell towers, fiber networks, small cells, and edge facilities across multiple regions.

Operations: DigitalBridge generates about US$120.7 million from Investment Management, with revenue primarily from the United States at US$67.7 million and Europe at US$42.7 million.

Market Cap: US$3.0b

DigitalBridge Group sits at the crossroads of AI driven data demand and interest rate sensitive asset management. The Supreme Court’s backing of Federal Reserve independence matters for how its fees, funding costs, and deal activity line up against a rich growth story. Rapid revenue and earnings growth forecasts, a high reported profit margin, and strong interest in digital infrastructure are set against a P/E that is above one fair value estimate, reliance on external borrowing rather than deposits, and one off gains that complicate the earnings picture. With DigitalBridge weighing options for its AIMS data center stake and planning the ArcLight acquisition that depends on the proposed SoftBank deal, investors are only seeing part of the risk reward equation right now.

DigitalBridge Group’s growth story in digital infrastructure is accelerating, but the real hinge is whether earnings quality matches the hype. The analysis report for DigitalBridge Group may reveal a twist investors are overlooking.

The three stocks here are just a starting point, and the full US Financial Sector Stocks screener uncovered 45 more large, financially healthy US financial companies with equally compelling regulatory and rate sensitivity stories waiting to be weighed up. Use Simply Wall St to identify and analyze the specific catalysts, Fed policy exposure, and risk reward narratives that matter most so you can focus on the highest conviction ideas in this corner of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.