Reported 28 days ago
In a recent episode of Yahoo Finance's Playbook, experts discussed the expected surge in mergers and acquisitions within the banking sector, particularly following recent weaknesses in stocks like JPMorgan and Ally Financial. Portfolio manager Anton Schutz downplayed fears regarding JPMorgan's net interest income guidance, predicting strong performance. As interest rates are expected to drop, the cost of funds for banks may improve, setting the stage for consolidation among mid-cap and regional banks. Key investment opportunities were identified, including First Horizon and Ameris Bancorp.
Source: YAHOO