Bank stocks ‘set to fire on all cylinders,’ analyst says
Bank stocks are “set to fire on all cylinders” but not all banks will benefit equally, according to Morgan Stanley analyst Betsy Graseck. Bullish on the sector Morgan Stanley’s bank analyst is more positive on the sector ahead of multiple vaccines against the coronavirus making its way to the general public, Bloomberg reported. A more positive outlook on the economy will result in a “wave” of reserve releases and capital returns over a two year period. As such, the analyst revised her rating on the large-cap bank and consumer finance sector from in-line to “attractive,” according to Bloomberg. The more
The post Bank stocks ‘set to fire on all cylinders,’ analyst says appeared first on Invezz.