Why We Still Like Financials

09Jun11

Sizing up banks stocks…Are banks stocks cheap or dangerous? Analysts can’t agree. Financial stocks in the S & P 500 have fallen 4 perecent this year even as the broader market has risen 6 percent. Some mutual fund managers say banks should be avoided since they’re facing increased scrutiny from government regulators. Oppenheimer analyst Chris Kotowski takes the counter argument. He believes banks are cheap and worth buying. His recommendations: Citigroup, Goldman Sachs, J.P. Morgan Chase and Wells Fargo, among others.

Source: FactSet, The Oregonian, Saturday, May 28, 2011

Learn more about Ron Sloy.

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