- Dubai a 'Wake Up Call'—Expect Volatility Now: Market Pro
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Best Online Retailers to Buy Now: Internet Analyst
- Dubai Fear is 'Noise'—Stay Fully Invested: Strategist
- Buy or Hold: Analyst Rates 10 Retail Stocks
- My Commodities Outlook after Dubai: Dennis Gartman
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Should Homeowners Be Able To Walk Away From Mortgage?
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Notre Dame Fires Charlie Weis After 5 Seasons
- Dubai Markets Open Sharply Lower for Second Day
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Nov. 30: Unusual Volume Leaders
- Oil Demand Sees Year-Over-Year Rise, First Since 2007
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- Tuesday's ISM in Focus as Bulls Call for Turn in Dollar
- Dubai Markets Open Sharply Lower for Second Day
- Dubai World to Restructure About $26 Billion of Debt
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Good Sign for the Economy: 'Greed' Makes a Comeback
- The World's Biggest Debtor Nations
RSS FEED
CNBC Stock Blog
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