CNBC Stock Blog
- Avis on the Road to Strong Growth: Analyst
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- Bulls Check In to Community Health
- Bank of America’s Worst-Case Scenario Gets More Real
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- So Now You Can’t Give Microsoft Away?
ABOUT THE CNBC STOCK BLOG
RSS FEED
CNBC EXPLAINS
Bank Stocks You Can Bank On
Text Size 
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...
()
].
_____________________________________________
- Learn more: Watch the entire interview (5 mins, 40 secs)
- Dennis Gartman Has a Different View on Banks
_____________________________________________
Disclosures:
Disclosure information for Bernie McGinn was not immediately available.
Data is a real-time snapshot *Data is delayed at least 15 minutes
