Banks, Energy Firms, Airlines Set to Rally, BofAML Says

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  • Bloomberg Markets and Finance published this video item, entitled “Banks, Energy Firms, Airlines Set to Rally, BofAML Says” – below is their description.

    Oct.20 — Deutsche Bank says there’s a subset of cyclical stocks which has yet to outperform. The “idiosyncratic headwinds” facing banks, energy firms and airlines will eventually subside, according to Sebastian Raedler, head of European equity strategy at Bank of America Merrill Lynch, allowing them to join their cyclical peers in rallying. Raedler speaks on “Bloomberg Markets: European Open.”

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    In This Story: Deutsche Bank

    Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange. The bank’s network spans 58 countries with a large presence in Europe, the Americas and Asia.

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    Merrill, previously branded Merrill Lynch, is an American investing and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities.

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