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Why The Banking Industry Is Where To Invest

If you are working at a bank, like most Banking Exchange readers, market forecasts for 2019 are in your favor. 

Why The Banking Industry Is Where To Invest

 “An economic contraction in the near term seems remote”, said David Kostin of Goldman Sachs last month.  Consumer confidence is at a 20 year high.  In addition, market analysts point to the fact that banks have lower valuations compared to the overall stock market, and banks tend to over perform in a higher interest rate environment.   

Does size matter? Market experts do mention M&A as one of the reasons to be optimistic about banks, which traditionally favor national banks such as JP Morgan and Bank of America.  However, most of the optimism comes on valuations and standard banking trends such asinterest rates and consumer optimism.  Among Goldman Sachs’ buy recommendations, there are the biggest players, but they also list Citizens Financial, Key Corp, and Regions Financial. Lastly, across the board optimism for increased dividends makes the banking industry look stable for 2019.  As always, external factors such as trade wars, impeachment and political instability are factors sighted that could curb optimism.   

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Webinar: In-person and Remote Banking –
Why this Hybrid Model is the Future of the Branch

Banks combine the brick and mortar
physical banking experience with virtual banking

Time/Date: August 5th, 2021 2:00 P.M. ET

As consumers increasingly prefer to engage with their bank remotely instead of going to a branch location, institutions are looking to modernize the ways in which they interact with customers. Depending on the complexity of the banking activity, some consumers will use self-service digital channels while others will turn to channels where they can get human help. In a hybrid banking model, banks combine the brick and mortar physical banking experience with virtual banking.

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