Global stocks climbed Monday for their fifth session gain in a row as reassurances over the health of the U.S. banking industry sparked something of a recovery in investor appetite for risk. Experts interviewed by CNBC were more upbeat on the financial sector.
Universal Banking Model Works
Given the recent upheaval in the banking industry, it has showed that the universal banking model has remained one of the strongest, notes Neil Katkov, SVP of Asia research at Celent. He tells CNBC which two names stand out.
Upbeat on Australian Financials
Australia's top four banks have good strategies, says Rod Skellet, head of Global Markets at BBY. He also says the U.S. economy is a sound investment.
Positive on Mainland Banks