By
Crista
Huff
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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