Bank stocks tend to attract value investors because they are extremely vulnerable to external economic and other factors. Some banks are especially turning heads right because the economic recovery is still in the early stages, and bank stocks have yet to recover to the levels they were at before the global financial crisis. ValueAct Capital made a strong case for bank stocks right now in its Q1 2018 letter, and ValueWalk obtained an excerpt from that letter.
ValueAct Capital makes the case for bank stocks
Led by co-founder Jeffrey Ubben, ValueAct Capital said in the Q1 letter that frequently, their best investments have been in sectors that have fallen out...
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