There has been a huge week for financial stocks. There actually could still be time to buy. Bank stocks have closed out this week on a high note and have had their best day since November. A lot of strategists say there is still time to run. The banks have come a pretty long way.
Key Takeaways:
- Bank stocks closed the week on a high note, on Friday logging their best day since November, and some strategists say there’s more room to run.
- And the S&P 500 financial sector also led the pack Friday, as financials rose nearly 2 percent and also turned in its best day since November 14th.
- Differences between short- and long-term rates are seen as positives for the banks, since they generally borrow money in the short-term and lend it in the long-term.
“Bank stocks closed the week on a high note, on Friday logging their best day since November, and some strategists say there’s more room to run.”
http://www.cnbc.com/2017/02/04/after-big-week-still-more-room-to-run-for-financial-stocks.html
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