He predicted that bank customers would benefit from lower interest rates and more competitive loan policies.
Profits on credit cards in North America rose 25 percent, as the business continued to benefit from low interest rates.
Despite the general weakness, many companies that stand to benefit from lower interest rates did well.
Other leading funds benefited from rising commodity prices and falling interest rates.
Bank stocks, which benefit from lower interest rates, are the stars.
In the stock market, the rally was led by shares of banks, which benefit from lower interest rates.
Banks, which benefit first from lower interest rates, gained.
Management controls costs aggressively, he said, and is benefiting from lower interest rates.
More important, Wal-Mart could actually benefit from higher interest rates.
Banks benefit from preferential interest rates in order to guarantee their profits.