The document contains financial information related to the Financials Conference held in November 2016. The conference saw increased client attendance of 66% from last year. While banks/financials may pull back at some point, they remain a buy on any pullbacks. It is noted that there is further upside from multiple expansion and earnings growth. An analyst raised price targets by 11% across the board, suggesting a long-term rotation from bonds and div stocks into sectors like financials is only beginning. The document also mentions a specific trade opportunity: buying the XLF March 2017 $22 call with a $26 knock-out (continuous) for $0.87, with a full premium rebate if the option gets knocked out. This is considered an attractive trade due to flat call skew and the potential for a higher premium return. The report also discusses Global Positioning in Stocks, noting that financials are underweight in all regions. It suggests that if earnings continue to improve and yields rise, financials have the potential to outperform. The document concludes by stating that it is not too late to buy financials as a medium-term trade with additional upside from Trump's policies such as less regulation, higher interest rates/steeper yield curve, higher vol, economic growth, etc.