Where are we in the banking cycle?
Author: Livewire Markets
Global banks have formed a cornerstone part of PM Capital’s strategy as they’ve taken the #1 ranking in their category in the Morningstar survey over five and eight years. Following the election of Donald Trump, the Nasdaq Global Bank Index is up over 15%. So, has all the easy money been made? Paul Moore, Chief Investment Officer of PM Capital, explains his view.
“People now accept the fact that were in a period where banks can start to grow their earnings… We’re now firmly in the third quarter”
