Surveillance: Banks Are Underpriced, Leon Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 January 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
Ken Leon, CFRA Director Equity Research, says banks are underpriced relative to the market. Henrietta Treyz, Veda Partners Managing Partner & Head of Economic Policy, says investors sense that President Trump cares specifically about the stock market. Megan Greene, Harvard Kennedy Senior Fellow, says there is plenty of evidence for low growth and inflation for years to come. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Strategist, expects small cap stocks to have a year of outperformance. Stephen Schork, Schork Group President, says we are concerned about the ongoing industrial recession in the U.S.
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| 0:57.6 | With us as well, we're thrilled to bring you Kenley on CFRA. |
| 1:00.5 | Of course, years of experience in looking at banks and he's more buyhold |
| 1:03.7 | sell than what else and Williams is doing ken what a bang up year last year can you |
| 1:08.5 | continue to acquire shares of this of these banks this year? |
| 1:13.0 | We do, but I think we're all boats rows in the fourth quarter with strong stock performance for the banks. |
| 1:19.0 | It's going to be more selective. |
| 1:20.0 | We have an America Fast First Plan, which is really the banks like Bank of |
| 1:24.7 | American J.T. that are highly concentrated in the u.s that's driven by the |
| 1:29.3 | core which is loan growth and deposits. I would not really look to the capital markets |
| 1:35.0 | who are the strong reprint for fixed income. Last year was a very weak |
| 1:40.0 | fourth quarter sequentially it flat to down for sick from the third quarter of |
| 1:45.0 | 2019. So bringing it back what we're continually saying is |
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