A Downgrade Wave Says Bank Stocks Are Priced for Perfection Ahead of Q2 Earnings. Here's the Bear Case.
Recently, analysts at Oppenheimer issued a surprising set of downgrades on a slew of large-cap bank stocks.
Overview
Next week, the big banks will officially kick off second-quarter earnings season, as investors brace for a wave of fresh financial reports. Banks are typically a good place for investors across sectors to begin evaluating the environment because they have broad exposure to nearly every segment and industry in the economy, allowing them to provide a unique pulse check.
Interestingly, analysts at Oppenheimer recently downgraded the large-cap bank group, suggesting those banks are priced for perfection. Here's the bear case.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.