Wall Street strategists and investment teams from major firms are rallying around bank stocks as the top investment choice heading into 2025. This optimism is driven by factors such as a robust US economy, expectations of deregulation under President-elect Donald Trump, competitive valuations, and lower interest rates. Top analysts and bank executives are expressing confidence in the sector's strong performance in the coming year. Additionally, Wall Street analysts prefer large US companies and see the US market as the cornerstone for growth. However, Wall Street veteran investor Dennis Gartman dismisses Bitcoin's current rally and prefers gold as an investment choice, citing Bitcoin's limited track record compared to gold's longstanding value.
- Content Editor ( cryptopolitan.com )
- 2024-12-18
Bank stocks and not Bitcoin are the top play for 2025 – Wall Street