Wednesday, 18 October 2017 10:37

4 Bank Stocks to Buy Now

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(New York)

Financials, and bank stocks in particular, are hard to figure at the moment. They started the year fantastically, then had a long weak patch, and have moved higher recently. But where do they go from here? Barron’s argues that the direction is up on the back lower regulations and higher rates. The Fed seems likely to ease banking regulation, which would allow better business for big (and small banks). The top picks Barron’s suggests are Bank of America, Citigroup, JP Morgan, and E*Trade.

FINSUM: This is a slightly myopic, but still insightful argument. Leaving aside the prospect for tax reform and economic growth, this piece mostly focuses on the tangible earnings benefits of deregulation.

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