11 bank stocks trading at low valuations, even after Trump bump
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Bank Stocks Performance: Following Donald Trump's re-election, bank stocks have surged, but investors are questioning if some are overvalued despite 15 banks still being priced relatively cheaply.
Impact of Federal Reserve Actions: The Federal Reserve's recent cut in the federal-funds rate by 75 basis points is expected to lower funding costs for banks, potentially increasing their net interest margins.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 685.400
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Current: 685.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
