Financial Plays in a Volatile Market

Financial stocks continue to take a beating, but Anton Schutz, portfolio manager of Mendon Capital, sees opportunities in financials with “too much capital.”

Buying Financial Stocks
Buying Financial Stocks

His first pick is holding company TFS Financial.

“TFS buys back a tremendous amount of its own stock," Schutz said. "Its got excess capital…so its open for business, lending money…and taking advantage of the disruption out there.”

Schutz also likes Lazard .

"There's going to be a lot of corporate restructuring, as well as more work in financial M&A, so I think Lazard is poised to benefit here without risking its balance sheet."

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    Disclosures:

    Disclosure information was not available for Schutz or his company.

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