Fidelity [profile] is taking a break from its stoicism to engage with the media. Chris Lee, Fidelity PM, writes in Barrons that bank stocks are beginning to look promising again now that their profitability has improved, their balance sheets are looking good and their payout ratios are low.

Corporate sales growth in the financial sector was 6.6. percent in the first quarter and valuations of consumer finance stocks have been quite high after experiencing "top-line" growth since getting out of its 2009 trough, Lee writes. Commercial banks didn't fare so well, however, with revenue growth of 0.5 percent.

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Edited by: Casey Quinlan


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