Janet Yellen To Be Driver Of Bank Profits In H2

If banks want to make money they should direct their prayers to Janet Yellen. Over half of the investors who participated in Morgan Stanley’s latest investor survey believe rising interest rates will be the primary driver for financials in 2H16. Michael J. Cyprys and colleagues point out in their June 15 research piece titled “Asset Managers: MS Financials Conference Recap” that nearly 31% of investors indicated that they expect to enhance their Financials allocation by year-end. Mixed reaction from investors on Federal Reserve raising interest rates Summarizing the key takeaways from the 7th Annual Morgan Stanley Financials Conference, Cyprys and team point…