Portfolio Managers David Ellison and Ryan Kelley discuss banks’ net interest margins, their performance compared to the overall market, where they are seeing opportunities for both Funds, and their outlook for the Financials sector.
Ryan Kelley, CIO of Hennessy Funds, provides his mid-year review and outlook on what lies ahead, emphasizing a long-term perspective.
Portfolio Managers Dave Ellison and Ryan Kelley discuss how the Federal Reserve’s plans will likely affect banks and how the market has reacted to the Fed’s rate increase. They also cover valuations, loan growth, mergers and acquisitions, and the benefits of active management.
Dave Ellison and Ryan Kelley, Portfolio Managers of the Hennessy Large Cap Financial Fund and Hennessy Small Cap Financial Fund, believe it could be an opportune time for Financials when margins expand and loan growth resumes.
New and innovative technology is changing just about every industry, and the Financials sector is no exception. In this Sector Highlight, we examine the digital transformation trends in the banking industry and how banks are embracing technology to adapt to consumer demands and boost growth in revenue and profitability.
While the pandemic slowed deal activity, the stage is set for deal making in 2022, we examine several trends that could reshape the banking ecosystem and likely provide a tailwind to bank stocks over the years to come.
Despite exceptional YTD performance, Financials sector stocks are trading at a historically low relative discount to the market. The banking industry is healthy, and a number of catalysts, including robust M&A activity, higher interest rates, and accelerated loan growth, could push bank stocks higher.
Portfolio Managers Dave Ellison and Ryan Kelley discuss performance and valuations within the Financials sector, buybacks, record merger and acquisition activity, and how investors may be underestimating the attractiveness of investing in banks.
In his mid-year outlook, Hennessy Funds’ CIO Ryan Kelley reflects on the past year and shares his thoughts for the future.
Portfolio Managers Dave Ellison and Ryan Kelley discuss the Financials sector during the pandemic, bank valuations and margins, merger and acquisition activity, and their outlook for the sector.