David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials.
He dealt with Fannie Mae, Freddie Mac, Marshall & Ilsley, Wells Fargo, Bank of America and Wachovia . His verdict: they're all to be avoided.
BUT he did approve of two financial stocks:
- Watch the interview (video: 2 mins, 19 secs) to learn which two!
Disclosure information was not immediately available for Lutz or his firm.