A lot of sectors balance on the state of the economy. But, while some like utilities and even tech is able to still make plenty of revenues and drive forward while the economy isn’t doing so great, others aren’t so lucky. Case in point, the bank stocks.
Over the last year or so, the banks have been able to make hay as the economy expanded, interest rates have risen and loan demand has increased. That’s all well and good for a sector, which has suffered since the recession.
The question is, whether or not, the banks can keep it going. Already, we’re beginning to see some big cracks form in many of the tailwinds that have propelled the sector forward. And given its economically sensitive nature, the new year could be a sour one indeed. So, are the bank stocks are a buy? Read on to find out.
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