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Equity strategists keep plugging US banks despite poor performance
Financial shares on track for the poorest year relative to the market since 2011, but analysts insist that the rally is coming
Add BT as a preferred sourcePublished Sun, Sep 17, 2017 · 09:50 PM
New York
WALL Street banks can't stop telling investors to buy shares in Wall Street banks. It's not been the best advice.
Financial shares have the third-worst performance among 11 S&P 500 Index groups in 2017, and are on track for the poorest year relative to the market since 2011. Yet of the 10 equity strategists surveyed by Bloomberg, nine give banks and insurers the highest recommendation and only one holds a neutral view.
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