BNKO - Investors Are No Longer Bearish Bank Stocks (But Maybe They Should Be)

• The best indicator of the trend in their relative performance, the yield curve, recently stopped running higher and has now reversed to the downside.
• In other words, the primary tailwind for the banks (and their net interest margins) is now potentially becoming a headwind.
• In all, it’s hard to say the banks offer anywhere near the absolute and relative value they did back in the fall.

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