strategist Savita Subramanian said Thursday that bank stocks are undervalued and investors should buy them as the United States economy looks to dig out of the hole caused by the pandemic.
"This is a sector that's probably going to recover faster than others in an upturn. It's also priced relatively conservatively," Subramanian said on CNBC's "Bank stocks have been one of the hardest-hit sectors since the pandemic sparked a global selloff in equity markets. Financial companies have been hit by both the economic downturn and the lowered interest rates from central banks around the world.
"We've seen activity start to normalize in China. They're maybe a month or two ahead of us ... and what's interesting is that in China the sectors that have come back to full capacity — what they were running at in April of last year — are financial companies, banks," Subramanian said. The strategist also said that many mutual funds are underweight financial stocks, making them an attractive play for more active traders.
If loan losses are small. Banks could be the biggest winner of all.
Sell banks next week
A bank employee says bank stocks could ‘surge’. Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Bank stocks will surge. Get on board quick! - Bank
How did perpetual zero interest rate policy work out for the Japanese and European banking sector?
That bofa lady used a lot of words like “if, could, maybe” not exactly confidence inspiring more like a fail pitch attempt.
Too early. Official recession will booked in Aug. So many unemployed that have no company to go back to work for because they forever closed down. Small business retail spaces no longer selling products. People can’t afford their mortgage anymore or fall behind on rent.
Eso lo dice para ilusionar y no provocar que todo empeore aún mas
Lol lil conflict of interest there...
Amazon stocks could surge after earnings, says Amazon CEO Jeff Bezos
stockspastor Could. They could not, too. Tomorrow's weather could be warmer... Could be cooler too
If the banks stop lending, what’s the point of bailing them out? The idea is to keep the economy moving at all levels, not just subsidize executives and shareholders
My stock could surge, pls buy it guys.
Why do you only put headlines on your site when futures are down but never when they are up?
bryang_KR could surge in Brad Pitt resemblance, bryang_KR strategist says...
Bank exec says bank stocks are a buy... Riveting news CNBC!
'could' 'economic recovery' more PERMABULLSHIT from you charlatans
I wouldn't bank on it.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »