The Institutional Risk Analyst

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How Much Lower Will Bank Stocks Fall?


Since the November 2016 election, large cap financials have moved sharply higher, in the case of Bank of America (NYSE:BAC) up almost 60%. This spasmodic upward movement in reaction to the election of Donald Trump reflected both the collective desire of professional managers to increase allocation to financials but also the shared frustration of investors with the chronic under-performance of large banks.

Let’s face it; there’s a whole generation of managers on Wall Street who made their careers buying big banks. These torpid zombies may not have very good financial metrics, but the ro