MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 18, 2013 A Fido PM Sings Virtue of Bank Stocks Fidelity [profile] is taking a break from its stoicism to engage with the media. Chris Lee, Fidelity PM, writes in Barrons that bank stocks are beginning to look promising again now that their profitability has improved, their balance sheets are looking good and their payout ratios are low. Corporate sales growth in the financial sector was 6.6. percent in the first quarter and valuations of consumer finance stocks have been quite high after experiencing "top-line" growth since getting out of its 2009 trough, Lee writes. Commercial banks didn't fare so well, however, with revenue growth of 0.5 percent. To read more, click here. Printed from: MFWire.com/story.asp?s=44987 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |