Here We Go Again: Wall Street Analysts Getting Bullish On Banks
By: So the financial sector was a big fail in August.
Paul Sakuma
Wells Fargo bank
In fact it was the worst performing sector last month, but it came back to life this week with the sectors biggest losers in August, Wells Fargo and Bank of America, both up more than 7 percent.
The bounce in the financial sector warmed the hearts of technical analysts and fundamental investors alike.
One question: when banks say that their reserves are fine, aren't they really just saying that new regulations won't require as much capital as initially feared?
Banks are telling analysts that loan portfolios are fine and reserves are strong.
