Bank Investors Ignoring Economic Data?
Feb 28th 2013 1:24PM
Updated Feb 28th 2013 2:30PM
Jobless claims were released today and were down more than expected, and the GDP has been revised into the positive. Are these economic signs of recovery even something that banking investors look at anymore?
In this video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss the shift in the way investors view information from banks -- how they will soon stop looking for "less bad" information, such as continued decreases in the amount of reserves banks are holding as loan loss provisions, and start looking for signs of positive operational performance successes.
One banking stock that many consider to be well on its way to a roaring recovery after the crisis is Bank of America. Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy, and as an added bonus, you'll receive a full year of FREE updates and expert guidance as key news breaks.
The article Bank Investors Ignoring Economic Data? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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