Shares of big banks are surging on Thursday after U.S. banking regulators decided to loosen restrictions on the Volcker Rule, which is part of the 2010 Dodd-Frank Act.
The Volcker Rule, named after former Federal Reserve Chairman Paul Volcker, limited the kind of risk banks could take and barred them from making potentially speculative investments.
The change to the rule was floated earlier this year, and it will now allow banks to more easily invest their own capital in venture capital funds, for example.
Since the start of the coronavirus pandemic, bank stocks across the board have plunged; investors and analysts alike feared that record high unemployment levels would lead to defaults on loans.
JPMorgan (JPM - Free Report) , Wells Fargo (WFC - Free Report) , Bank of America (BAC - Free Report) , Citigroup (C - Free Report) , Morgan Stanley (MS - Free Report) , and Goldman Sachs (GS - Free Report) gained even further at Thursday’s close, up 3.5%, 4.7%, 3.8%, 3.7%, 3.9%, and 4.7%, respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of big banks are surging on Thursday after U.S. banking regulators decided to loosen restrictions on the Volcker Rule, which is part of the 2010 Dodd-Frank Act.
The Volcker Rule, named after former Federal Reserve Chairman Paul Volcker, limited the kind of risk banks could take and barred them from making potentially speculative investments.
The change to the rule was floated earlier this year, and it will now allow banks to more easily invest their own capital in venture capital funds, for example.
Since the start of the coronavirus pandemic, bank stocks across the board have plunged; investors and analysts alike feared that record high unemployment levels would lead to defaults on loans.
JPMorgan (JPM - Free Report) , Wells Fargo (WFC - Free Report) , Bank of America (BAC - Free Report) , Citigroup (C - Free Report) , Morgan Stanley (MS - Free Report) , and Goldman Sachs (GS - Free Report) gained even further at Thursday’s close, up 3.5%, 4.7%, 3.8%, 3.7%, 3.9%, and 4.7%, respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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