News Formal

​U.S. banking stocks are trading at a discount: investment expert - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

As U.S. banks post strong quarterly results, one investment expert says the majority of these companies are trading at a large discount.

The sector is benefiting this season from lowered expectations, higher revenue from loans and in the case of JPMorgan Chase & Co,, Stephen Biggar, director of financial services research at Argus Research, told BNN Bloomberg in a TV interview on Monday.

Biggar explained that each bank has their own particular strength which is pushing them forward this quarter and is positive on the sector overall. He pointed to JP Morgan’s results as very promising and believes the bank will continue to reward investors in the long run. Biggar said JP Morgan's broad exposure to mortgages, credit, traditional branch banking and commercial real estate each place the bank in a good position.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 83. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

U.S. stocks struggle as China weakness tempers risk-on - BNN BloombergLuxury and commodity stocks drove European stocks to their first decline in seven days on concerns about China's sluggish economy.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »