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Overwhelming consensus! Wall Street "targets" Banks stocks as the top choice for 2025.
Buying bank stocks has become the overwhelming consensus among strategists at major Wall Street firms regarding their outlook for 2025.
U.S. Treasury Secretary Yellen warns: do not interfere with Bank regulation! Trump also has the latest developments.
On Friday local time, USA Treasury Secretary Yellen warned the incoming Trump administration not to interfere with Banks regulation. She stated that, given the history of bank failures leading to financial crises, aggressive measures to disrupt necessary regulation should not be taken.
Wall Street generally targets this Sector! It is listed as "the top choice for 2025."
① Wall Street strategists are generally Bullish on financial stocks for 2025, believing that a strong economy and the expectation of relaxed regulations under Trump, among other factors, will benefit the financial industry; ② The market has also begun to gradually reflect this optimistic sentiment, with the financial Sector outperforming the S&P 500 Index since the election results were announced; ③ The gradual recovery of the IPO market is seen as another favorable factor boosting the financial sector.
Evercore ISI Adjusts Price Target on Wells Fargo & Co. to $81 From $77, Maintains Outperform Rating
RBC Capital has raised the Target Price for multiple US bank stocks.
Gelonghui, December 16 | RBC Capital: Raised Goldman Sachs' Target Price from $558 to $610, raised JPMorgan's Target Price from $230 to $248, and raised Wells Fargo & Co's Target Price from $61 to $72. (Gelonghui)
SA Asks: How Should Investors Position Portfolios Ahead of Fed Vote?