According to the Zhitong Finance APP, Morgan Stanley analysts have recently shown a strong favor towards financial stocks and have listed a 'shareholding' rated stock list. Due to the reduced risks during the financial reporting season, accelerated capital market activities, and attractive valuations and positions, the analysts at the bank raised the rating of financial stocks to 'shareholding' in early October. In addition, the bank infers that another reason for the outstanding performance of financial stocks is the strong upward revision of profit expectations. The recent presidential election results have led to expectations of relaxed regulations, which is driving the performance of this sector.
$Financial Select Sector SPDR Fund (XLF.US)$Up 33.15% year-to-date, with a 5.53% increase in the past month. Similarly, Vanguard$FINANCE INDEX (399240.SZ)$The Vanguard financial Index Fund (VFAIX) has increased by 32.58% year-to-date and by 7.11% in the past month.
The following is the situation of financial stocks rated as 'shareholding' classified by industry by Morgan Stanley analysts:
Banking sector:
$Huntington Bancshares (HBAN.US)$
$Prosperity Bancshares (PB.US)$
Financial services sector:
Insurance Sector:
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