Strong economic data and earnings results helped boost confidence in the progress of the reopening.
Due to vaccine distribution and a broader herd immunity approach, dividends might increase in 2021.
UBS named 16 stocks it expects to offer brisk dividend growth and over 10% upside to price targets.
While fourth-quarter earnings in 2020 set the bar pretty high, the first-quarter season got off to a good start as big Wall Street banks crushed analyst estimates.
JPMorgan surprised analysts by reporting $33.1 billion in revenue, which exceeded the $30.4 billion estimate. Goldman Sachs also beat average analyst estimates by posting $17.7 billion in revenue versus the expected $12.6 billion. Citi came in strong as well.
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