|Bid||0.00 x 1200|
|Ask||0.00 x 2200|
|Day's Range||43.03 - 43.43|
|52 Week Range||37.77 - 47.40|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Those bullish on the markets are starting to question the strength of the earnings cycle we’ve experienced the last couple of years due to rising inflation that’s putting a strain on wages and input costs.
Major financial stocks have had a pretty good year in 2017. Big names like Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) have jumped roughly 20% since Jan. 1 to outperform the S&P 500’s 16% gain. What’s more, the best is yet to come for bank stocks and financial exchange-traded funds as we enter 2018.
Bank of America Corp (NYSE:BAC) delivered a 2016 total return of 33%. Year-to-date through Nov. 8, the BAC stock price is up another 22% leading some to question investing in BAC stock at these prices. InvestorPlace’s Ian Bezek thinks so.
GGP (GGP), a retail REIT engaged in US real estate investment, saw its revenue fall 2% in 2016, compared with 5% in 2015. Growth was driven by management fees and…