Financials have been on fire lately. These stocks are expected to fly higher from here

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Investment Strategy News

Markets,Business News

These financial stocks can run even further from here after the sector's breakout year.

Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It's also jumped 7% during the third quarter, outperforming the S & P 500's 0.3% increase. The sector has derived optimism from an expected Federal Reserve rate cut later this month, with many anticipating the U.S. economy to stave off a potential recession.

Redburn Atlantic initiated KKR late last month with a buy rating and lauded the private equity giant's efforts to diversify its business. These include its acquisition of Global Atlantic, which was completed earlier this year , as well as the company's growing list of assets. KKR YTD mountain KKR stock.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 shrugs off energy, financials slide as tech shinesStock Market Today: S&P 500 shrugs off energy, financials slide as tech shines
Source: Investingcom - 🏆 450. / 53 Read more »

Financials are a 'stealth bull market' opportunity, says Wolfe ResearchSenyek highlighted financial stocks as a beneficiary of a steeper yield curve ahead.
Source: CNBC - 🏆 12. / 72 Read more »