CNBC Stock Blog
- Stock Rally May Drive Strong Consumer Spending: Economist
- 5 Ways to Play the Chinese Markets: Analyst
- 3 Stock Plays on Rising College Costs
- My Ratings on Lowe's & Home Depot: Analyst
- Five Stock Picks and a Short-Term S&P Call
- My Market and Fed Outlook Now: BlackRock's Doll
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- 10 Stock Picks for This 'Gradual Recovery'
- Recovery's Real Shape? Not a W: Stock Picker
MOST SHARED
- Stocks Overvalued, Recession Will Return: Meredith Whitney
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- BofA Ex-Counsel: I Was 'Stunned' When I Got Fired
- U.S. May Wind Up Green With Envy
- Time Warner to Spin Off AOL on December 9
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Solar Emerges From A Dark Period
- Paulson Betting Unemployment Not Getting Much Worse?
- Stocks May Rise Further after Fed Waves on 'Risk Trade'
- Stanford Receiver to Release Funds Of Frozen Acounts
- Answers to Your Questions: A Path to Economic Disaster?
- 5 Ways to Play the Chinese Markets: Analyst
- Meredith Whitney: Turns Bearish
- 3 Stock Plays on Rising College Costs
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Nov. 16: Unusual Volume Leaders
- Getting to the Heart of the Merck-Abbott Embargo Break
- What MGM's Sale Could Say About Value of Content
- My Ratings on Lowe's & Home Depot: Analyst
- US Top Banks Warn Congress on 'Break-Up' Risks
- Fed's Kohn Sees No Asset Bubbles Building in US
- Stocks May Rise Further after Fed Waves on 'Risk Trade'
- Buffett's Berkshire Hathaway Boosts Stake in Wal-Mart
- Microsoft Co-founder Allen Diagnosed with Cancer
- Time Warner to Spin Off AOL on December 9
- Gates Boosts Waste Management, Coca Cola Stakes
- US Cities With Most Underwater Mortgages
- What's Kept Stock Rally Going? Fear, Not Confidence
RSS FEED
Text Size 
CNBC News Associate
Bank stocks might be volatile, but investors should be exposed to them right now, said David George, senior research analyst at Robert W. Baird. (See his stock recommendations, below.)
“These stocks are up a lot from the March lows — but they’re down 50 to 60 percent from their 2007 peak, so we still think there’s some value in the sector. This is a group that you do want to have exposure to,” George told CNBC.
George said although the stocks aren’t necessarily going to be a “straight line up,” they are reasonably priced on what they earn in a normal economic environment.
“These stocks have underperformed largely because of capital adequacy concerns, but given all the capital that has been raised, we think that’s an issue that’s really off the table,” he said.
“Furthermore, there’s some favorable areas of the financials services sector that are performing well right now, namely mortgage banking, as well as debt and equity capital market.”
Recommendations:
Bank of America [BAC
Loading...
()
]
Wells Fargo [WFC
Loading...
()
]
JPMorgan Chase [JPM
Loading...
()
]
PNC Financial Services [PNC
Loading...
()
]
___________________________
CNBC Slideshow:
______________________________
Disclosures:
No immediate information was available for George or his firm.
______________________________
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes