Banking on more momentum?
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U.S. bank stocks have had the pedal to the metal lately, and the question is whether they’ll be able to maintain their mojo. While investors should expect some hiccups along the way, we see catalysts that will likely keep the long-term momentum rolling.
In the past two weeks U.S. bank stocks have come to life again, rallying 6.1% as the Federal Reserve’s annual stress test results exceeded high expectations, and as Treasury yields bounced and the yield curve shifted slightly upward.
