(Forbes) Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the so-called ‘Trump Bump’ because the rally has only begun, say Martin Friedman and Andrew Jose, co-founders of a $700 million hedge fund called FJ Capital that returned 37% in 2016. They believe banks will continue to outperform in coming years due to a lowering of corporate tax rates, an improved growth outlook in the U.S., and bank-specific tailwinds like gradually rising interest rates and regulatory relief for smaller firms.
This Hedge Fund Made 37% Betting On Banks In 2016 And Remains Bullish After The Trump Rally
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