Jefferies is encouraging investors to buy U.S. financials in light of recent stress-test successes and fading regulation under the Trump administration.
The Fed’s 2017 Comprehensive Capital Analysis and Review stress-test results were positive, with an average total capital payout ratio of 95 percent and average capital return yield of 7 percent. But Jefferies chief global equity strategist Sean Darby notes additional reasons for optimism.
Source: Investment Cnbc
There are many reasons to love bank stocks now, Jefferies says