Strong results from Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) provide more evidence that the banking sector is picking up steam. They join rivals, JP Morgan Chase (NYSE: JPM) and Citigroup (NYSE: C), which also reported well-received results.
Do NOT Deposit Another Dollar in Your Bank Account Until You Read THIS
A CIA insider has launched an urgent mission to expose the government’s secret money lockdown plan…
Once you see what could happen next time you go to an ATM, you’ll understand why he’s sending a FREE copy of his new book to any American who answers right here.
Easing fears about the European debt crisis, recovery from mortgage-related losses, the relative strength in the U.S. economy and more activity in the capital markets have all contributed to the rejuvenation of financials.
But the banks might not be entirely in the clear just yet. First quarters have commonly been the best for the financial sector for years, with subsequent quarterly results trending downwards.