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How to profit from a 2024 comeback for these 2 bank stocks in a trade with…

As a sector financials underperformed the S & P 500 in 2023, but that statistic disguises a significant late year rally in the group. Since bottoming in late October 2023, the "money center" banks reporting this week have outperformed the S & P 500 by an average of nearly 15%. Can this outperformance continue? As always the names indicated in green are stocks we hold, so it seems we believe they can. Why? By some metrics this group remains quite cheap relatively. The average price-earnings ratio for Bank of America, Wells Fargo, JPMorgan Chase and Citigroup is just 10.3, less than half the S & P 500 overall. As a group they are…

ZilBank.com Empowers South Korean Entrepreneurs with Seamless US Payments

January 8 2024 ZilBank.com, a leading B2B payment platform, has announced its initiative that enables South Korean entrepreneurs and freelancers to conduct payments to the United States effortlessly, promoting worldwide business expansion without being limited by geographic barriers. The platform has made it easier for South Korean businesses to pay US vendors, affiliates, employees, and other partners regardless of location. The cloud banking platform ensures efficient and affordable cross-border transactions, enabling South Korean entrepreneurs to conduct business easily and cost-effectively. This feature simplifies global…

Queensland farmers call for probe into price gouging after premier writes to…

A peak body representing Queensland farmers has increased pressure for an inquiry into price gouging after the state’s premier wrote to the big supermarket chains demanding answers over a “widening gap” between the prices farmers receive and those customers pay. The Queensland premier, Steven Miles, sent a letter to the CEOs of Coles, Woolworths, IGA and Aldi on Friday telling them about his “growing concern” about the disparity between checkout prices and the value farmers receive for their stock. The AgForce chief executive, Michael Guerin, said it was time for answers about why agricultural landholders weren’t getting “fair…

Ex Goldman Analyst Currie Expects Bumper Year for Commodities

Commodities, including crude oil, are set for a good year, which could turn into “fantastic” if planned interest rate cuts materialize, according to veteran analyst Jeff Currie, who left Goldman Sachs last year after nearly 30 years at the helm of the bank’s commodity research division. All commodities are set for bullish moves in 2024 amid low inventories and record-high demand for raw materials, Currie, who is often bullish on the sector, told Bloomberg television in an interview on Monday. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });…

Five things to watch for in the Canadian business world in the coming week

Photo: The Canadian Press Five things to watch for in the Canadian business world in the coming week: Banking conference RBC Capital Markets holds its Canadian bank CEO conference on Tuesday. The meeting will hear from top executives at Canada's big banks which have been preparing for potentially tougher economic times ahead. Trade numbers Statistics Canada will release its international merchandise trade figures for November on Tuesday. Canada's merchandise trade surplus grew to $3 billion in October as imports fell and exports edged higher. The result compared with a revised surplus of $1.1 billion in September. Aritzia results…