Yew-SG
commented on
BANKS because they represent increased interest income. If yields continue to increase, bank stocks will boom while the rest of the market will suffer. $Citigroup (C.US)$ $Morgan Stanley (MS.US)$ $Wells Fargo & Co (WFC.US)$ $Bank of America (BAC.US)$ and others who have coincidentally reported fantastic earnings this week, are significantly undervalued and their upside is undeniable. PT for Wells Fargo and Bank of America could be $60 by next earnings. PT for Morgan Stanley of $115 and $200 for JP Morgan are realistic possibilities 3 months from now IMO.
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