Goldman Sachs are Wells Fargo are beneficiaries from the trend.
Investors should consider protecting their portfolios with these income-generating assets, Wells Fargo said in its mid-year outlook.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Wells Fargo analyst Mike Mayo reiterated his overweight rating on shares of JPMorgan Chase.
The financial sector has been underperforming the rest of the market over the past month, even with good news for Wells Fargo.
Morgan Stanley and Bank of America also raised their price targets after the Fed lifted the bank's years-long lid on growth.
These are some of the stocks posting the largest moves in early trading trading.
US central bank had imposed the limit in 2018 after the bank’s fake accounts scandal
The rise of stablecoins could have big implications for payments stocks if the companies play their cards right, says Wells Fargo.
"A meaningful increase in factory jobs does not appear likely in the foreseeable future, in our view," Wells Fargo said.