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May 2023
Portfolio Managers Dave Ellison and Ryan Kelley discuss the banking crisis that unfolded in the first quarter of 2023, deposit withdrawals and their effect on banks, valuations of Financials, and an outlook for the sector for the remainder of 2023.
October 2022
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.
April 2022
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.
March 2022
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.
February 2022
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.
January 2022
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.
November 2021
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.
October 2021
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.
May 2021
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.
April 2021
Dave Ellison and Ryan Kelley, Portfolio Managers recently shared their insights on why they believe the Financial sector is poised to outperform and where they see opportunities.
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