Upgrade Financial Sector: Bank And Payments Stocks

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Includes: BTO, FAS, FAZ, FAZZ, FINU, FINZ, FNCF, FNCL, FXO, IYF, IYG, JHMF, RWW, RYF, SEF-OLD, UYG, VFH, XLF
by: TD Wealth

Summary

Why has Argus upgraded its outlook on the financial sector?

How are earnings expected to grow this year?

Which banks and payments stocks look attractive?

Higher net interest margins, an improving U.S. economy, and de-regulation are all expected to be tailwinds for the Financial Services sector. Steve Biggar, Director of Financial Institutions Research, Argus Research, talks to Sara D'Elia about why they've raised their outlook, their earnings forecasts, and which stocks may benefit. Argus Research reports are available on TD WebBroker.