- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Option Bulls Take Another Shot on Idenix
- Top 20 European Stocks for Crisis Time: Strategist
- Hewlett-Packard Faces a ‘Dogfight’ for Talent: Analyst
- DuckDuckGo Cooks Google’s Goose: Analyst
- General Electric’s $4.5 Billion Dividend Slated for Buybacks
ABOUT THE CNBC STOCK BLOG
ART CASHIN
RSS FEED
CNBC Stock Blog
Text Size 
Manager: Financials Earnings Will Grow
Citigroup's report of a profitable start to 2009 notwithstanding, earnings in the financial sector have been dreadful. So why is Fifth Third Asset Management's Mary Jane Matts so enthusiastic about financials?
"The way we look at it is based on normalized earnings, so we attempt to find the mid-cycle earnings power for each of the companies," she told CNBC.
"You'll always get the wrong conclusion if you base it on current earnings."
Those who shun the sector for now, she feels, are in for a downside surprise.
More from CNBC.com
- JPMorgan CEO: 'Modest Signs' of Recovery
- Stock Picks for 'Dow 8000' Bounce
- Trader Talk with Bob Pisani
"When we look back, we'll see that financials were the biggest gainers from the trough of this market to, say, 12 months out," she said. "I think the risk is in trying to pick the bottom in a particular sector."
She's also finding value in industrials, in health care, and in telecom.
______________________________
Where the Giants Are Now:
Citigroup [C
Loading...
()
]
Bank of America [BAC
Loading...
()
]
JPMorgan Chase [JPM
Loading...
()
]
Wells Fargo [WFC
Loading...
()
]
Morgan Stanley [MS
Loading...
()
]
______________________________
Disclosures:
Disclosure information was not available for Matts or her company.
Data is a real-time snapshot *Data is delayed at least 15 minutes
