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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
September 24, 2007 at 03:27 PM
Investor optimism about bank stocks may be unrealistic, a securities analyst warns.
The average price of the world’s bank stocks has been doing poorly since Aug. 18, rising just 1.8%, while the price of all stocks has risen 6.7%, according to Nudgem Richyal, an investment manager at Baring Asset Management, a unit of Massachusetts Mutual Life Insurance Company, Springfield, Mass.
Richyal predicts in a comment on the market that bank stocks may continue to lag.
Writedowns of assets such as mortgage-backed securities and collateralized debt obligations could hurt, Richyal writes.
Meanwhile, Richyal writes, banks that have fueled their growth by getting cash from other institutions, rather than from individual savers, are facing higher costs for institutional money.
The high cost of institutional money may be squeezing those banks’ margins, Richyal writes.
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