‘Apathetic’ investors will embrace banks: RBC top analyst predicts comeback in year’s second half

Key Facts

• Investors who are "apathetic" or negative toward banks will change their stance in the year's second half, according to RBC Capital Markets' top banking analyst.
• But I think as people realize the banks are just not going to have the credit issues that they had in '08-'09, that's going to be the real rallying point for owning these names."
• "What this [stress] test shows us, that unlike in '08 and '09, when 18 out of the 20 largest banks cut or eliminated their dividends, that's not going to happen this time," said Cassidy.
• "We're forecasting Bank of America could have 15% to 20% revenue growth this year in net interest income because of the rise in rates," said Cassidy, who has a buy rating on the stock.

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