Hyman Bullish on Financials, Investors Upbeat about Rate Hike
Trump’s domestic growth-friendly policies Returns have been surging for the financial sector (XLF) (VFH) as the market expects to benefit from the Trump administration’s projected policies. Markets are highly confident with the expectation of more rate hikes, for example, and of widespread deregulation. Banks’ earnings have thus been getting a huge boost, and the market has been […]
US Banks Witness the Highest Loan Growth since the Recession
Total loans and leases in bank credit grew at a seasonally annualized rate of 8.1% over 1Q15. Loan growth was 5.6% the previous quarter and 5.3% for 1Q14.
Why Banks Are Anxious about the Fed Meeting
Interest rates are the most important driver for a bank, as they determine banks’ net interest margins.
What Do Analysts Recommend for XLF’s Banking Stocks?
Among the 682 analysts covering the 21 banks within the Financial Select Sector SPDR ETF (XLF), 356 have provided “buy” ratings, 28 have given “sell” ratings, and 298 have provided “hold” ratings.
Do the Latest Analyst Ratings of Banks Suggest that It’s Time to Buy Bank Stocks?
Of the 680 analysts covering the 21 banking stocks in XLF, 358 have assigned “buy” ratings, 28 have suggested “sell,” and 294 have issued “hold” ratings.
SPY Soared High through All of the Component Sectors
The SPDR S&P 500 ETF (SPY) and the Direxion Daily S&P500 Bull 3X ETF (SPXL) rose by 1.1% and 3%, respectively, on Tuesday, December 15, 2015.
Key for Investors: ZIRP and US Interest Rates
“ZIRP” (zero interest-rate policy) is a term that’s used to refer to monetary policy in the US. It refers to low nominal interest rates in an economic system.
How Did Comerica Perform Compared to Its Peers?
The peers outperformed Comerica based on the PBV ratio. However, Comerica is way ahead of its peers based on the forward PE ratio.
Comerica, Part of the XLF ETF, Tumbled 3.73% Last Week
Comerica (CMA) shares closed at $49.58 on Friday, July 10. Last week, the stock tumbled 3.73% and underperformed the broad-based S&P 500 (SPY).
Horseman Capital exits stake in IAMGOLD
IAMGOLD is a mid-tier gold mining company that produces almost 1 million ounces of gold annually from five mines on three continents.
Horseman Capital raises its position in Goldman Sachs
Goldman Sachs Group is a leading global investment banking, securities, and investment management firm.
Overview of Horseman Capital’s 4Q14 positions
Horseman Capital covers various equity strategies, and most of its equity portfolio consists of companies with market capital of $5 billion and above.