Puerto Rican Banks Are Sterne Agee’s Picks for 2014

Puerto Rican Banks a top pick.

In a commentary on how much bank stocks have run up in recent times, Sterne Agee analysts Todd L Hagerman and Robert Greene point out:

  • The Sterne Agee Bank index is up roughly 33% thus far in 2013, outperforming the broader market for the second consecutive year.
  • Since 2012, banks have returned a cumulative 73% price gain, versus a still healthy . . .

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