Wells Fargo identifies tactical investment opportunities in insurance stocks ahead of Q3 earnings
WFC Wells Fargo & Co
$80.90 +0.20%
View chart & analysis → - 1Wells Fargo identified tactical investment opportunities in life insurers, property and casualty insurers, and insurance brokers ahead of the third-quarter earnings season.
- 2Property and casualty insurers are expected to benefit as there have been no major weather anomalies besides Hurricane Isais, which caused approximately $5 billion in industry losses this year.
- 3Arch Capital Group expects improved insurance margins and reduced catastrophe losses while continuing its share repurchase program.
So what's the key point?
Wells Fargo says there is a good opportunity to invest in insurance-related companies. Property and casualty insurers are expected to profit because there have been no major natural disasters.
Source Investing.com · View original ↗
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