‘Apathetic’ investors will embrace banks: RBC top analyst predicts comeback in year’s second half

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‘Apathetic’ investors will embrace banks: RBC top analyst predicts comeback in year’s second half

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RBC Capital Markets' top banking analyst Gerard Cassidy expects strong revenue growth and optimism surrounding credit will boost banks.

Disclosures: RBC Capital Markets has received compensation for investment and non-investment banking services from Bank of America in the past 12 months.

He expects struggling banks including Deutsche Bank and Credit Suisse to deliver better earnings results this year, too.

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Author / Journalist:

Category: MarketsFinanceInvesting

Topics: Stock markets Natalie Zhang Source:tagname:CNBC US Source Federal Reserve Bank Investment strategy Recessions and depressions Finance Interest Rates Articles Markets Fiscal policy Monetary policy Fast Money Financial Select Sector SPDR Fund Investing Cnbc Jerome Powell Economy CNBC TV Financials Wall Street Credit Suisse Group AG Bank of America Corp Banks Deutsche Bank AG Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-26, 19:13:35

News Timezone: GMT -5:00

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Language: English

Reading Time: 3 minutes read

Article Length: 535 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 14707

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