Crypto Whales Are Loading Up — Are You?
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The headwinds in the consumer finance industry may finally be subsiding in 2017, and Deutsche Bank analyst David Ho is bullish on a handful of top stocks picks. In a new research note, Ho spelled out five themes Deutsche Bank will be watching in the space in 2016:
- Donald Trump’s push for deregulation and tax cuts will be bullish for consumer finance earnings.
- Consumer leverage will increase, boosting loan growth more than credit risk.
- Extended U.S. Labor market strength will delay credit cycle concerns.
- Rising interest rates will boost net interest margins (NIMs).
- Higher consumer spending and inflation will begin to boost fees/loans by the end of the year.
Deutsche Bank’s top stock picks for 2017 are OneMain Holdings Inc (NYSE: OMF) and Synchrony Financial (NYSE: SYF). Ho believes the previous guidance cuts at OneMain were a temporary issue due to issues with branch integration. He calls OneMain the “top beta name” in the space and says the firm has plenty of catalysts ahead in 2017.
Ho names Synchrony his “top Trump play” and believes that rising NIMs and more aggressive capital deployment should drive earnings upside. Ho noted that Synchrony had the highest CET 1 ratio among large cap lenders, opening the door to more aggressive buybacks and loan growth.
In addition to Buy ratings on Synchrony and OneMain, Deutsche Bank also has Buy ratings on Ally Financial Inc (NYSE: ALLY) and Discover Financial Services (NYSE: DFS).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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