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Ten years after the financial crisis, the return on equity of US banks is still 30% below pre-crisis levels. That seems strange—the economy is healthy and company profitability in many other sectors is close to an all-time high, so why aren’t banks doing better?
In the latest video in our 60 Seconds series, watch senior global equity opportunities analyst Julian Wellesley discuss the factors that have been weighing on bank stocks and his outlook from here.
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Market conditions are extremely fluid and change frequently.
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