The Perfect Storm - Financial Sector Overview


The financial sector is booming with Investment firms and Banking industries finally can see the light. For many years now rates have been as low as possible, and the Democratic party in the US made sure to make things as difficult as possible for major companies in the sector with crazy over regulation that cause companies the inability to function and be occupied all the time with new government demands. Now, with the newly elected President Trump, which is going to decrease significantly the regulations put by President Obama, and the inevitable rate increase coming this December... This is the perfect storm that fuels the current run in the sector.
Following are key investment house and major banks to consider.

The Financial Select Sector SPDR Fund (the "Fund") seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Financial Select Sector Index (the "Index"). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.

Goldman Sachs is a global investment banking and securities firm providing a full range of investing advisory and financing services worldwide to a substantial and diversified client base which includes corporations financial institutions governments and high net worth individuals.

MORGAN STANLEY is a preeminent global financial services firm that maintains leading market positions in each of its three primary businesses: securities; asset management; and credit services. The company combines global strength in investment banking and institutional sales and trading with strength in providing full-service and on-line brokerage services investment and global asset management services and primarily through its Discover Card brand quality consumer credit products.

Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever wherever and however they choose.

Citigroup Inc. is a global financial services company. It provides consumers corporations governments and institutions with a broad range of financial products and services including consumer banking and credit corporate and investment banking securities brokerage transaction services and wealth management. The Company also offers various wholesale banking products and services including fixed income and equity sales and trading foreign exchange prime brokerage and equity and fixed income research services. Citigroup Inc. is based in New York.

Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally.