As with all sectors, banking stocks also saw corrections in the past couple of months. The difference, however, was that on days when there was some recovery – or an attempt at a recovery – the effort was led by banking stocks. The reason for this streak of outperformance was probably the strong Q2 results of several banks – providing the street with an element of positive surprise. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
