Financial stocks are on the move, but it could be a while before they start to pay off, investors say

New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020.When cyclicals do well, financials move higher, but don't expect them to outperform or make serious gains until the economy shows real signs of rebounding.

Outside of energy, no major sector has lagged so much this year. The S&P financial sector is down 20%, while the S&P 500 is up nearly 6%. By comparison, tech is up 14%. "I think what banks need is first and foremost they need higher interest rates. The second thing they need is business activity to pick up because they make money on lending and third, they also need people to make their loan payments," said Jonathan Golub, Credit Suisse chief U.S. equities strategist. "Right now, it seems generally people are making their loan payments...

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Travel stocks surge as new COVID cases decline and treatment updates raise hopes for demand rebound | Markets InsiderTravel stocks gained in Monday trading as investors found hopeful signs in falling COVID-19 case counts and fast-tracked virus treatments. The F... Setting the stage for a second wave. Hey, why not? We can spend another $4 trillion to bail out the economy again in 2021. It may be the new normal.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »