Why Big Bank Stocks Will Keep Rising

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Why Big Bank Stocks Will Keep Rising

(New York)

Let's be clear, there have been no tax cuts, no overturn of Dodd-Frank, and no major infrastructure package. Yet, banks stocks have remained strong and Credit Suisse is arguing they will keep on rising.  The reason why is the benefit of the universal banking model, with "its multiple levers for growth and greater potential for realization of scale economies", according to the bank. Credit Suisse sees 10-15% upside for big US universal banks like BAC, JPM, C, and GS.

FINSUM : This is a vague and uncompelling argument from our perspective. Bank shares are at the mercy of the US economy and politics, in our opinion, and do not have a fundamental driver that will push them higher without wind in their sails from those two.

  • banks
  • universal banks
  • bank of america
  • jp morgan

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , stocks

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