Op-ed: Financials may get more love amid sustained higher interest rates
Publishing timestamp: 2023-02-23 08:00:01
Summary
Financial stocks are currently positioned for sustained earnings strength and likely price growth throughout this year and into 2024 due to low valuations, high levels of capital, and higher interest rates making lending money more profitable. Several stocks with strong growth prospects and low downside risk are Truist Financial, East West Bancorp, FactSet Research Systems, American Express, and Chubb.
Sentiment: POSITIVE
Tickers: CB, AXP, TFC, KRE, A, XLF, EWBC, FDS, KBWP, .SPX,
Keywords: truist financial corp, factset research systems inc, east west bancorp inc, business news, banks, investment strategy, stock markets, travel, american express co, spdr s&p regional banking etf, financials, s&p 500 index, chubb ltd, invesco kbw property & casualty insurance etf, markets, personal finance, financial select sector spdr fund,