The Financial sector has been one of the worst-performing market sector in 2015, and the Financial Select Sector SPDR ETF XLF 0.64% has fallen 6.6 percent versus the S&P 500’s 3.8 percent decline year-to-date. For the first time in two months, Credit Suisse analysts have updated their top Financial stock picks in 10 different subsectors, although the firm hasn’t made a single change to its top picks from August.
Here’s a full list of the names they chose.
1. Asset Managers: Affiliated Managers Group Inc AMG 0.01%
Analyst Craig Siegenthaler like the company’s “robust” deal pipeline and expects that buybacks will continue to support share price.
2. Large-Cap Banks: JPMorgan Chase & Co JPM 0.32%
Analyst Susan Katzke sees continuing fundamental outperformance from JP Morgan and praises the company’s “willingness to optimize its balance sheet and capital deployment.”
3. Mid-Cap Banks: KeyCorp KEY 2.1%
Analyst Jill Shea predicts that the company will return 94 percent of capital to shareholders in 2015 and forecasts 4 percent operating EPS growth.
4. Brokers, Exchanges & Alternative Asset Managers: Charles Schwab Corp SCHW 0.39%
Analyst Christian Bolu sees…
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