Asset quality continues to improve for the banks.
It’s No. 1 on the list of reasons why financial stocks could continue to outperform the S&P 500, says Andy Schornack, manager of the Covestor Financial Services model.
Adding to that idea, Patrick O’Hare at Briefing.com recently made the case that the latest round of bank stress tests made the case for financial stocks as long-term investments — as opposed to just a trade off the market bottom.
You can see my full interview with O’Hare below: