Bank stocks have popped since President-elect Donald Trump's win, but their move eight years ago suggests this rally still has more upside.
Drilling down to bank stocks, specifically, within financials still shows that the group could have room to run.
In 2016, bank stocks outperformed by 11.5 percentage points, compared to 6.9 points this year, according to the note.
Bank stocks have seen big moves since Trump's win, as investors react to the expectation of a lighter regulatory touch from his administration.
And while postelection rally for the broader market has cooled this week , bank stocks still look like one of the bests going forward, Harvey said.
Persons:
Donald Trump's, Wells, Christopher Harvey, Harvey
Organizations:
Trump's, Bank, Bank of America, UST, Trump
Locations:
financials