It’s time to buy financials, that’s according to a new US equity research strategy note from analysts at investment bank Jefferies, as Finance companies are set to benefit from several headwinds.
According to the researchers, US financials are set to benefit from a number of tailwinds going forward, all of which looks set to reawaken sector. Some of these tailwinds are well known, and equities have responded well, such as the Federal Reserve’s stress tests, which banks passed with flying colors, and they all subsequently went on to announce enormous buyback/dividend increases.
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Finance Companies: Time to buy says Jefferies
Other tailwinds...
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