Bank stocks are poised to outperform broader markets in 2024, says RBC's Gerard Cassidy

RBC's Gerard Cassidy joins 'Fast Money' to talk his outlook for bank stocks in 2024.

[@josephroberts7374]

He was right. Good call. Banks have been killing it and at all time highs, for the big money banks- C, WFC, BAC, JPM.

[@2023gainer]

What a year for AI sector stocks.. and still adding more today... SoundHound.. 52 % revenue growth 3rd qt 2023 over 2nd qt. Over 220 Institutional Investors....Big Bear AI up over 200 % yr....Palantir and Nvidia Up over 200 % also. Symbotic rising nearly 400 % in 2023. Global Investors filling every dip.

[@OG.551.98]

We all saw what happend to Silicon Valley Bank stock!

[@joewest3901]

They didn't hedge their bond portfolio and went belly-up when interest rates rose and the business sector their deposits were concentrated in dipped? Colossal management failure, and entirely non-systemic.

[@vaneh6982]

@@joewest3901 must be why 3 more regionals collapsed at that time..not systematic at all

[@james234-zr5fi]

I'm interested in investing but I'm not sure I'm ready to commit to it yet. Can anyone give me some pros and cons to consider?

[@stocks7765]

🤣

[@morpher44]

pros: you learn how to do it. cons: others smarter than you learn how to take it from you.

[@GraceDay-ex7dy]

Well, passive investing is all about buying and holding a diverse range of assets for ther long haul. It's a simple and straightforward approach that's designed to track ther performance of a particular market index. On ther otherr hand, active investing involves trying to outperform ther market through more frequent trading and analysis. It can be a bit more complex and time-consuming, but it can also potentially lead to higherr returns. If you're trying to decide which approach is right for you, I'd definitely recommend consulting with Julie Ann Lerch. her's an expert financial advisor who can provide valuable insights and guidance.

[@susanawatkins9273]

It’s a risky endeavor. And as Warren Buffet says, be fearful, when people are greedy, like now, and be greedy when people are fearful, coming down the pike?

[@morpher44]

fight club

[@MasterRichStocksOptions]

😎I don’t like banks.

[@MasterRichStocksOptions]

👍I use stock options to fund my retirement.

[@WealthandReligion]

they are lying