U.S. banks posted their highest quarterly profit since mid-2007 in the first quarter. It’s amazing to see where these stocks are trading at right now despite their strong profitability. Lending activity decreased in the quarter which is not a positive for the U.S. economy, but frankly is to be expected due to all of the regulatory hurdles the banks are navigating right now.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.