Still Bullish on the Banks
In early April, we wrote a bullish piece on the financials. Part of our investment thesis was that their businesses were on the mend and would show very favorable fundamentals as 2012 progressed. Two weeks into earnings season and with a number of major banks, brokers and insurers having reported, we feel more confident in this call.
Several factors have propelled the financial sector's earnings, particularly traditional banks and brokerages, higher:...576 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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