div > div.group > p:first-child"> Last quarter was softer than expected for most of the country's largest financial companies, which were still feeling the pain from the stock market's late-2018 sell-off. But this time, experts are cautiously optimistic on what the next quarter will bring.Sarat Sethi, managing partner at Douglas C.
"Two weeks ago, when everyone was freaking out about the yield curve inverting, ... the financials dropped 10% in five days. [The] S&P 500 was down 1%. That kind of underperformance in such a short period of time is very rare for the sector. Goldman [Sachs], when those periods [have] happened, has averaged a gain of 20% over the next three months, with gains 75% of the time. [It] trades at a much cheaper valuation to its peers.
Deutsche Bank's Binky Chadha, who is the firm's chief U.S. equity and global strategist, agrees with Link on the banks' recovery:
Am I watching the weather channel ;)
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