Kenneth Bruce

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Last quote by Kenneth Bruce

Expectations have risen for the consumer finance sector broadly since the U.S. election, and we think this optimism will likely persist as initial policy and potential stimulus roll out in 2017. In our view, credit card stocks should enjoy a boost to spending, loan growth and credit performance, thus arguing for higher PE multiples as investors factor in a more constructive environment.feedback
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Dec 15 2016
Kenneth Bruce has most recently been quoted in an article called These 'high-quality growth' stocks are trading at a discount, Bank of America says. Kenneth Bruce said, “Expectations have risen for the consumer finance sector broadly since the U.S. election, and we think this optimism will likely persist as initial policy and potential stimulus roll out in 2017. In our view, credit card stocks should enjoy a boost to spending, loan growth and credit performance, thus arguing for higher PE multiples as investors factor in a more constructive environment.”.
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