Banks are ‘too cheap,’ could outperform S&P 500 in recession, Oppenheimer says
Bank stocks have sold off this year on fears that a looming recession will rock the sector with surging loan defaults. But that reflex is an example of recency bias and ignores a few key differences in the US financial industry after the 2008 financial crisis, Oppenheimer analyst Chris Kotowski said Friday in a research … Read more