Bank Stock Rally Shows Few Signs of Faltering Soon
Bloomberg 3/5/2021 Felice Maranz
(Bloomberg) Bank stocks are on a tear this year, boosted by reopening optimism as the vaccine rolls out across the U.S.
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Investors are betting that more lending, more deals and more consumer spending are yet to come. The potential for fresh stimulus and infrastructure and other massive projects should lift their shares. Even so, while higher yields in a low-interest-rate environment are good for banks, sharp jumps have rattled global markets this week.
The KBW Bank Index has surged 21% this year as some of the biggest banks like JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. posted double-digit gains.
Price Over Earnings Overview: Signature Bank benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
The Outlook for Sales of Units in Trump-Branded Residences Is Mixed
In New York, price per square foot is declining, but in Florida there are still plenty of buyers By Alanna Schubach |
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According to Redfin, the Trump Organization owns 23 residential buildings in the U.S. Composite: Win McNamee / Getty Images; NurPhoto / Getty Images; Jeff Greenberg / Getty Images; TIMOTHY A. CLARY / Getty Images
According to Redfin, the Trump Organization owns 23 residential buildings in the U.S.
Composite: Win McNamee / Getty Images; NurPhoto / Getty Images; Jeff Greenberg / Getty Images; TIMOTHY A. CLARY / Getty Images
Like many business owners, former President Donald Trump has seen his holdings suffer throughout the Covid-19 pandemic, with travel restrictions sinking revenues at his hotels and golf resorts.