- via Bloomberg
- The banks have had a very rough go of it since early March, with the overall sector now actually in the red for the year vs. the S&P 500's 5% advance.
- It hasn't shaken Savita Subramanian and team, where banks remain their "highest conviction" buy.
- The sector isn't just an interest rates play, they say, noting lenders offer the most potential for capital returns, and should be the biggest beneficiary of tax and regulatory reform.
- They compare banks - 10 years from their 2007 peak - to tech 10 years from its 2000 peak. That one-decade anniversary proved to be good time to buy.
- ETFs: KRE, KBE, IAT, KBWB, QABA, KBWR, KRU, KRS, WDRW, DPST, FTXO