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Rallying Banks Remain of Interest
The SPDR S&P Bank ETF (KBE) is closing in on a new all-time high thanks to a rally that began last year. In fact, his “best guess” is that bank stocks will continue to outperform the S&P 500 for another three to five years, arguing that the sector’s leadership is “in its early innings.” Our work has found that over the last 75 years there have been five pronounced periods of leadership from bank stocks. Some of the biggest names in the sector, from Goldman Sachs Group (GS) to Citigroup (C) and J.P. Morgan (JPM), delivered third quarter earnings that beat the Street’s estimates.
http://finance.yahoo.com/r/dcbf80f7...od=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss
The SPDR S&P Bank ETF (KBE) is closing in on a new all-time high thanks to a rally that began last year. In fact, his “best guess” is that bank stocks will continue to outperform the S&P 500 for another three to five years, arguing that the sector’s leadership is “in its early innings.” Our work has found that over the last 75 years there have been five pronounced periods of leadership from bank stocks. Some of the biggest names in the sector, from Goldman Sachs Group (GS) to Citigroup (C) and J.P. Morgan (JPM), delivered third quarter earnings that beat the Street’s estimates.
http://finance.yahoo.com/r/dcbf80f7...od=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss
