2 Catalysts That Bank Stocks Need Now
Even though bank stocks have largely recovered from the financial crisis, many are still trading well under historic multiples on tangible book value. In this video, Fool.com analystdiscusses the two main catalysts that could give these stocks the boost they need. In the short term, QE3 will lower long-term rates, meaning more refinancings and subsequent activity for the banks generating them. In the long term, though, the housing market recovery will be what's ultimately needed.
These catalysts apply equally to smaller banks like Huntington Bancshares (NAS: HBAN) as they do to the giants of the sector, like Bank of America (NYS: BAC) . BAC is the most talked-about bank out there, which is why Anand has authored an in-depth premium research report on the company. The report details Bank of America's prospects, including reasons to buy and sell; and, as an added bonus, he'll provide a year's worth of guidance and updates on the company as key news develops. Click here now to access your copy today.
The article 2 Catalysts That Bank Stocks Need Now originally appeared on Fool.com.Anand Chokkavelu has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Huntington Bancshares, and Wells Fargo & Company and has the following options: short OCT 2012 $33.00 puts on Wells Fargo & Company and short OCT 2012 $36.00 calls on Wells Fargo & Company. Motley Fool newsletter services recommend Wells Fargo & Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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