History doesn’t always repeat itself, but it sure does rhyme. These days, that rhyme sounds awfully like the Great Recession and the banking crisis that unfolded. With several recent bank failures and investor panic growing, investors are now wondering if the ghosts of 2008/2009 are here to haunt the markets once again. And with that, they’ve sold bank stocks en masse over the last week or so.
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But is that selling justified?
Were the recent banking issues just a function of poorly run institutions that took on too much risk? And if so, is the banking sector really a big bargain. One that could lead to long-term returns, higher dividends, and portfolio gains? The answer may be later.
