Investment portfolios need to move with the times. What
worked back in the day, may not be appropriate for today’s investor. Of all the
equities out there on the market, bank stocks are once again coming back to
favor. Ever since the economy began to mend, bank stocks started to generate
profits as the Fed enacted a policy of monetary tightening. Consider that over
the past 3 years, the performance of the financial sector – notably SPDR ETF
(exchange traded fund) XLK is up 50% +, while the S&P 500 has gained
approximately 27% over the same time. The bank stocks to watch out for include
Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Company (NYSE:JPM),
and Bank of America Corporation (NYSE:BAC). Each of these stocks is performing
strongly heading into the second half of 2018.
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