|HOLD||$66.040||UNKNOWN||DIVIDEND STOCKS AND MACRO STRATEGIES||Unknown|
Why are the banks consolidating or flat? In 2015, the earnings of the banks were fantastic. They were beating the estimates and they were increasing, but people were concerned and there was a decline in the bank shares of about 10%-15%. Last year, there was a massive run up. They were giving returns generally of about 30%, so a pause is in order. This is a great, long term hold.
Portfolio Manager & Wealth Advisor, TriDelta Financial