Positive outlook for global financials

Over the past five years, many banks and other financial companies have transformed themselves from low-tech, mature cyclicals into high-tech creators and distributors of products for the expanding global savings market. This has led to double-digit earnings growth in the UK and US. Looking ahead, the transformation of the global financials arena has created many potential investment opportunities. In the retail banking area, the big players are gaining cost and revenue advantages by utilising new technologies, enabling them to increase the effectiveness of their marketing efforts. The b...