Financial stocks are expected to rise strongly! Morgan Stanley has released a list of stocks to "hold".

date
19/11/2024
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GMT Eight
Recently, Morgan Stanley analysts have shown a strong preference for financial stocks and have listed a list of stocks rated as "hold". Due to reduced risks during earnings season, accelerated capital market activity, attractive valuations, and positions, the analysts at the bank upgraded the rating on financial stocks to "hold" in early October. In addition, another reason for the strong performance of financial stocks is the upward revision of earnings expectations, with the recent presidential election results driving expectations of relaxed regulations in the sector. The financial sector ETF (XLF.US) has risen by 33.15% year-to-date and 5.53% in the past month. Similarly, the Vanguard Financial Index Fund (VFAIX) has risen by 32.58% year-to-date and 7.11% in the past month. Below are the financial stocks classified by industry that Morgan Stanley analysts have rated as "hold": Banks: Bank of America Corp (BAC.US) Cadence Bank (CADE.US) Citigroup Inc. (C.US) East West Bancorp (EWBC.US) Huntington Bancshares (HBAN.US) M&T Bank Corp. (MTB.US) Prosperity Bancshares (PB.US) Regions Financial (RF.US) US Bancorp (USB.US) Wells Fargo & Company (WFC.US) Financial Services: Ally Financial (ALLY.US) BlackRock, Inc. (BLK.US) The Blackstone Group Inc. (BX.US) Equitable Holdings (EQH.US) Evercore (EVR.US) Fiserv (FISV.US) Global Payments (GPN.US) Goldman Sachs Group, Inc. (GS.US) LPL Financial Holdings (LPLA.US) MasterCard Incorporated (MA.US) MSCI Inc. (MSCI.US) Nasdaq Inc. (NDAQ.US) S&P Global (SPGI.US) Toast (TOST.US) TPG Inc. (TPG.US) Tradeweb Markets (TW.US) Visa Inc. (V.US) Insurance: Allstate Corporation (ALL.US) MetLife, Inc. (MET.US) Progressive Corporation (PGR.US)

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