The energy industry appears poised to benefit from global growth, U.S. Trust President Keith Banks said Friday.
"We think energy is a good place to be," he said. "Global economic growth will be a trigger and a catalyst in some respect, but also just with all the drilling that needs to go on, all the new technology. So, we like the equipment players there."
On CNBC's "Halftime Report," Banks said U.S. Trust's new positions in energy were based on a positive outlook for the sector.
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