Thursday, June 9, 2016

The Big Bank that is One of the Market’s Most Undervalued Stocks


U.S. stock markets are now factoring in more than a 50% chance that the Federal Reserve will increase the Fed funds rate in June or July. Rate hikes are positive for most financial stocks because the companies then earn increased fees on customers’ deposits. In addition, withering expectations of a global recession are fueling growth prospects for financial institutions, bringing increased investor attention to the sector. Consequently, bank stocks are turning bullish, with stock price charts surprisingly in sync with each other. [more...]

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