June 28, 2017
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Three reasons to consider bank stocks
Valuations and regulations are among the trends that we’re watching in this industry
By Nick Kalivas, Senior Equity Product Strategist
Bank stocks have spun their wheels for most of 2017. Year to date through June 9, the KBW Bank Index (BKX) had risen 3.03% compared to 9.61% for the S&P 500 Index. Banks fizzled as the reflation trade faded and the outlook for fiscal stimulus and meaningful regulatory changes was delayed by the political situation in Washington, DC. However, I believe the banking industry may warrant another look for three reasons...
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