Buy banks, Miller says

03Mar11

Legg Mason Capital Management, Chief Investmest Officer, Bill Miller says it’s time to buy the banks. He sees financial stocks, namely U.S. banks, as a key catalyst for the next stage of gains in the financial markets. Miller sees Financial stocks climbing 30 percent to 50 percent over the next two years. Miller says individuals should look for banks that are market leaders. Topping his favorites: JP Morgan Chase, Wells Fargo and Morgan Stanley.

Right now, “banks are among the cheapest stocks in the market,” Miller says.

Learn more about Ron Sloy.

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