BlackRock has been positioning for a Biden win. The firm might not just be getting ready for a Biden win but a blue wave sweep according to Bloomberg.
Rupert Harrison, multi-asset
We had 7 to 1 advancing versus declining stocks at the open which is way bullish.
We continue to get a modest cyclical rally which has been going on for a
The gloominess from September and the really bad seasonals were all changed on a dime because of the realization that fiscal talks are on and we may get a fiscal
Banks overall trade for just under book value. The Financial sector is where the most undervalued stocks are right now. Some smaller banks are very profitable, and cheap.
Bank stocks fell
The increased activity in the real estate market is likely going to persist throughout the rest of this year and into 2021. Consumer traffic has increased 180 percent year over
Marty Mosby, Vining Sparks director of bank advisory and strategic services, joins 'Squawk Box' to discuss if bank stocks should head higher and how investors should be positioned on the sector. Source: https://www.youtube.com/watch?v=Y1zzQROSPR0
Jul.29 -- Jes Staley, chief executive officer of Barclays Plc, discusses recent volatility in financial markets, investment banking market share, and efforts to improve diversity. He speaks on “Bloomberg Markets: European Open” after the London-based bank's securities division reported a 60% gain in foreign-exchange, rates and credit trading revenue as the aftermath of the coronavirus…
Nela Richardson, principal and investment strategist for Edward Jones, joins "Squawk Box" to discuss earnings season so far as well as how she sees the bank sector's role in helping revive the economy. Source: https://www.youtube.com/watch?v=h6s1Rg7UfQE
Jul.28 -- The European Central Bank extended a request that banks hold off on returning capital to shareholders and show moderation in setting bonuses amid the coronavirus outbreak, dealing a blow to some lenders who had lobbied to resume business as usual. Nicholas Comfort reports on "Bloomberg Surveillance." Source: https://www.youtube.com/watch?v=1iy3Mk6xnkg
Jul.20 -- Philipp Rickenbacher, chief executive officer at Julius Baer Group Ltd., discusses client activity throughout the pandemic, his business outlook and how the bank was impacted by Covid-19. He speaks on “Bloomberg Markets: European Open.” Source: https://www.youtube.com/watch?v=vPLPIizkx5w