Wall Street drops on September worries, upcoming data
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September 3, 2024 7:38 AM EDT
Citi analysts remain optimistic about the fundamental setup for the S&P 500 in the second half of 2024, despite lingering concerns about a potential recession.
In their recent note, Citi stated, "We remain constructive on the fundamental setup during the second half despite ongoing recession concerns."
They acknowledge that the pace of market gains may slow compared... More
September 3, 2024 7:23 AM EDT
Bank of America analysts cautioned investors about the potential for an "overshoot" in the valuation of bank stocks as optimism builds around a soft landing for the U.S. economy and increased policy clarity following the upcoming U.S. elections.
According to Bank of America, the year-to-date performance of bank stocks has already validated their early 2024 view that stable-to-rising earnings per share (EPS) outlooks would drive a higher... More
