Reported about 10 hours ago
According to Morgan Stanley, financial stocks are significantly underappreciated by investors, positioned in the bottom 15th percentile of exposure historically. The firm cites the strength of the economy and emerging opportunities in the financial sector as reasons for an 'overweight' upgrade. Despite strong economic data, investors have favored defensive stocks, overlooking potential gains in cyclical sectors like financials, which are expected to benefit from rebounding market activity and better loan growth.
Source: YAHOO