These Stocks Are a Value Investor's Dream
The big banks have been among the best-performing large-cap stocks in 2021. Despite record low interest rates driving down their lending margins, they've tapped into other segments like investment banking. Their exceptional operating performance is highlighted by growth in key metrics like earnings per share, which has rivaled that of high-flying technology companies lately.
Goldman Sachs (NYSE: GS) ranks first globally in mergers and acquisitions year to date, and in the second quarter it delivered record revenue in multiple segments. The result has been a soaring share price, up 41% for 2021 so far.
By contrast, Citigroup (NYSE: C) is one of the world's largest retail banks, but it has been scaling back its operations in underperforming markets. The move contributed to a significant Q2 earnings beat -- but the company trades at a discount to its peers while it makes adjustments to its business.
Source Fool.com
