Why Wall Street Wrong On Bank Stocks

HFA Padded
Rupert Hargreaves
Published on
Updated on
Banking

Wall Street loves universal banks stocks.

Q4 hedge fund letters, conference, scoops etc

If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019, whichever comes first!

Banking
cegoh / Pixabay

Bank

According to Bloomberg, 33 analysts have 130 recommendations outstanding on the big four universal banks, Wells Fargo, Bank of America, Citigroup and JPM Chase. 61.5% of these recommendations are buys, 33.8% holds, and 4.6% sells.

Bank Stocks

However, while Wall Street might love universal banks, investors do not. Over the past 17 months, these stocks are basically unchanged.

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk