Bank stocks had a good year in 2012, and coming into 2013 many investors were counting on this to be a year the biggest U.S. financial firms delivered a lot more capital back to shareholders. Bernstein Research’s John McDonald says pump your brakes.
Bank stocks had a good year in 2012, and coming into 2013 many investors were counting on this to be a year the biggest U.S. financial firms delivered a lot more capital back to shareholders. Bernstein Research’s John McDonald says pump your brakes.