Our Outlook for the Financials Sector
Financials are on sale.
It is an exciting time in the normally boring world of the financial sector. Unfortunately, it is exciting because, to some, the world is about to come to an end--or at least that is how the financial sector is trading recently. For a while, it looked like the major credit crunch of August was going to ease. The Fed cut rates in late September, headlines died down somewhat, and pressure on the stock market eased. But October brought the headlines back and billions of dollars of charges along with it.
Jaime Peters does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.