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Current DateTime: 01:11:02 10 Feb 2012
LinksList Documentid: 25124396
Expiration DateTime: 2/10/2012 1:12:56 PM

ABOUT THE CNBC STOCK BLOG

The CNBC Stock Blog is a cross-section of expert opinions and insights from our TV and Web site coverage. This blog includes posts written by and about top analysts and strategists, super-investors and CNBC's own market mavens. You'll find stock picks, news about publicly-traded companies, commodities, hot sectors, ETFs and the latest options action.
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Current DateTime: 01:11:02 10 Feb 2012
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CNBC EXPLAINS


Current DateTime: 01:11:02 10 Feb 2012
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Bank Stocks You Can Bank On

Published: Wednesday, 4 Jun 2008 | 11:14 AM ET
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By: Andrew Fisher

Bernie McGinn thinks it's time for the investor to make a deposit in some selected bank stocks.  The founder of McGinn Investment Management thinks the subprime crisis has now run its course.

"The subprime story has now been around almost a full year, giving people and companies time to adjust their exposure and to adjust their valuations on securities, and I think that to a certain extent, companies have started to overcompensate for their exposure to subprime," he told CNBC.

Recommendations:

"In the financials, I think there's a buying opportunity at AIG [AIG  Loading...      ()   ]," McGinn said.  "That's a company that has been sort of pummeled of late, because of management issues."

He also likes Bank of America [BAC  Loading...      ()   ].

"Bank of America represents a pretty good buy right here," he said.  "It's a tremendous franchise; it's the number one in deposits, it's number one in credit-card balances, it will be number one in mortgages."

Also on his shopping list are Home Depot [HD  Loading...      ()   ] and Ford Motor [F  Loading...      ()   ].

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Disclosures:

Disclosure information for Bernie McGinn was not immediately available.

Disclaimer

© 2012 CNBC.com


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