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I-Banks Could Post Double Digit Gains in 2015 Says Analyst

August 6, 2023
in Trade Tube
Reading Time: 1 min read
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Barclays — on an otherwise dour Monday — says there’s a boom coming, and not necessarily with the hot stocks that defined 2014. Investment banks, after underperforming in 2014, may be on the rise this year, one analyst says. The stock picker places Citigroup at the front of the pack, pointing to factors like a more friendly regulatory environment awaiting in Washington, plus reduced legal expenses after a costly 2014. Still, some are cautious on banks — facing loans on deals including energy and automotive lending that could come back to bite them — but I-banks could post double digit gains this year.

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