Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Here We Go Again: Wall Street Analysts Getting Bullish On Banks

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So the financial sector was a big fail in August.

Wells Fargo bank
Paul Sakuma

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?

Wells Fargo, Banks to Go From Worst to First?  [CNBC.com]