Banks May Be Poised to Shake Off Years of Languishing Stock Values

Bank shares may be “better positioned than ever before,” after years of dragging with price-earnings ratios trailing their historical averages, Oppenheimer & Co.’s Chris Kotowski writes in a note. Oppenheimer, which has been covering the industry since 1985, admits there’s “a lot to dislike” with banks, which are “highly levered, heavily regulated, cyclical commodity companies with a history of blowing up every decade or so.” For good measure, Kotowski adds that “it is true that the industry destroyed some value on a permanent basis in the 2007-08 financial crisis.”

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As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi


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Spotlight

As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

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