Published on 4 Jan 2024 on Benzinga
Top Bank Stock Picks For 2024: 'Valuations Are At 50% Discount To S&P 500,' Analysts Say - Citigroup...
The possibility of a soft landing for the U.S. economy is gaining traction, prompting an increased interest in U.S. banking stocks, as Bank of America revealed in a note to clients on Thursday.
The group of Bank of America’s equity analysts, led by Ebrahim H. Poonawala, point out several key factors that might fuel a bullish trend in banking stocks this year. This optimism is rooted in the changing economic landscape, expected policy shifts and the strategic positioning of individual banks.