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U.S. banks catch an upgrade to Overweight from Credit Suisse, which believes loan growth and...
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Tuesday, October 2, 2012, 7:05 AM ETU.S. banks catch an upgrade to Overweight from Credit Suisse, which believes loan growth and asset quality are about to "surprise on the upside." Analysts also contend banks are a leveraged play on the cost of debt and investment grade spreads - which seem too high in the U.S. (huh?) - falling. Among specific picks: JPM, HBAC.
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the credit rules are not as tight, the bank stock will surge upward.
Business can not function without lending, insurance, investments.
Banks will come back in a big way. Not sure when, however, as
economy strengthens, so will the banks. FAS is the best way to
recover, more quickly. I trade FAS, up and down and down and up,
2 years made 100%+ each year, 3rd year, not so well, trades of 12%, 17%
and 27%, BUT I still have until 12/31. Also, I think there is a correction coming prior to end of the year. GOOD TRADING. Give me your thoughts!
Gbwy