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U.S. banks catch an upgrade to Overweight from Credit Suisse, which believes loan growth and...

U.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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Comments (1)
  • ECWD
    , contributor
    Comments (7) | Send Message
     
    I this Credit Suisse is correct. When banks are allowed to lend and
    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
    2 Oct 2012, 10:24 PM Reply Like
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