The Banks Vault

Bank stocks are high, but this merger mania has legs

So the feeding frenzy for banks finally caught your attention. All it took was the two biggest bank deals ever, within a week of history's biggest deal of any kind--also involving a bank. If you're just now planning to invest around this craze, hello, you're late. Very late. But all good manias last longer than they should, and this one probably will too. If you are not put off by sky-high valuations or a possible turn for the worse in the banking cycle, yes, you may yet crack open the vault with bank stocks.

Understand, though, that the easy money (if...

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