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DEC 30, 2013 - TheStreet

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Financial Stocks Back to Normal in 2014

NEW YORK (TheStreet) -- Investors growing more confident in the viability of banks, insurance companies and investment firms have pushed stock price multiples much higher this year, but in 2014, price appreciation will once again be driven by increases in analysts' earnings estimates, according to KBW."As financial stocks continue to rally, and with most financial stocks above tangible book value and significant earnings multiple expansion since 2011, the room for further expansion in multiples is becoming limited, in our view," wrote KBW analyst Frederick Cannon in a note to clients on ... Read More

Tags: Financial Stocks Back to Normal in 2014,  American Express Latest News