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Trading Ideas

Why These 3 Bank Stocks Can Take Off in 2020

Bank stocks underperformed the broader market in 2019. A changing landscape with increasing competition from fintech disruptors, low interest rates, and one-off credit events all played their part in stifling the industry’s growth. While the BANK index generated returns of more than 20%, the number still fell short of the S&P 500’s 29% increase.2020 brings with it new uncertainties, too; A U.S. presidential election, EPS volatility expected from CECL (current expected credit loss), the unavoidable change in the credit cycle, all attaching risk to financial stocks.While the sector is trading at one of the lowest multiples over the last two …read more […]

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Meghan Markle, Prince Harry to step down from roles

The Duke and Duchess of Sussex are stepping down from their roles with the Royal Family. Meghan Markle and Prince Harry announced Wednesday that they will be taking on a “progressive new role” and splitting their family’s time between the U.K. and North America. Yahoo Finance’s Edmund Heaphy joins On the Move to discuss. …read more […]