NEW YORK (TheStreet) -- It would be a tall order to repeat last year's performance for large-cap bank stocks, but some of the industry's best-known names are still trading at very attractive valuations to book value and earnings estimates.
JPMorgan Chase analyst Vivek Juneja said in a report on Wednesday that he expects "bank stocks to be choppy near term, but benefit over time as equity fund inflows continue and the economy recovers gradually."
The theme of equity inflows was underscored in a report by Jefferies analyst Daniel Fannon on Wednesday. After a "really bad" December, when investors pulled $20 billion from equity funds as the fiscal cliff debate continued in Washington, "total active equity inflows have equaled almost $15B," during the first several weeks of 2013.
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