Investing.com -- As the U.S. election approaches, Bank of America analysts examined its potential impact on Consumer Finance stocks in a recent research memo.
One significant area of concern is said to be the regulatory environment surrounding mergers and acquisitions, particularly the anticipated Capital One and Discover Financial Services . "The late fee rule being nullified would be a positive for all issuers," especially for Synchrony and Bread , which derive over 10% of their revenue from late fees, said BofA.
BofA reports that while the initial market reactions can vary,"by the 1-week mark, both scenarios saw stocks up 11-12%." This suggests that investors may prioritize post-election certainty over short-term policy-driven news.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
France Dernières Nouvelles, France 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.
La source: Investingcom - 🏆 450. / 53 Lire la suite »
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »