Metro Bancorp
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Horrible Sentiment and Deep Discounts Point to Gains for Financials in 2012 and Beyond
By Chad Brand - December 13, 2011 | Tickers: C, GS, METR
For those who believe in efficient markets, the financial sector of the equity market probably appears baffling. Bank stocks in particular are absolutely hated on Wall Street these days and their stock prices make little sense as a result. Although the S&P 500 index is down 2% year-to-date through December 14th, the financial sector is the largest loser this year, falling by a stunning 22%. The strange thing is more »