The Forgotten Sector: Why Bank Stocks Are Worth a Second Look As investors search for safe havens in turbulent markets, they'd do well to remember that some of the most reliable performers often come from less glamorous sectors.
Bank stocks, once considered stodgy and unexciting, are now asserting themselves as a force to be reckoned with. The recent rise of Canadian Imperial Bank of Commerce (CM) is an intriguing case study in this trend.
With its spot on the IBD 50 list, CM has been building momentum, reaching two distinct buy points that savvy investors would do well to notice. The question is: what's behind this resurgence?