US Banks At 20% Discount To S&P 500
U.S. banks are trading at a 20% discount relative to the S&P 500 (INDEXSP:.INX), leaving more room for price growth as the economy improves, argue Citi analysts Keith Horowitz and Josh Levin, who estimate U.S. GDP growth will hit 2.7% this year and then ramp up to 3% or more in 2015.
Regional banks offer poor risk/reward
With valuations at 13X 2014 . . .
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