BofA Best Bank, Goldman 'Pricey': Strategist
Big U.S. banks like Citigroup and Bank of America are attractive because there is no chance of them failing, Ron Ianieri, chief market strategist at ION Options said Thursday.
"The U.S. has definitely said they're not going to let them fail," he told CNBC.
"Goldman is starting to be pricey considering the situation. While Bank of America and Citi are kind of weak considering the situation," Ianieri said, adding Wells Fargo to the latter group of financials.
On a market pullback Ianieri said he would rather be a buyer of those three BofA, Citi and Wells Fargo , and possibly even Morgan Stanley , as opposed to a Goldman Sachs .
Peer Don Straszheim, managing principal of Straszheim Global Advisors is still "quite concerned about the financial sector."
"To me there is still a lot of risk," he said. "BofA is actually a better possibility than Citi. I think Citi still is quite a mess."
Straszheim said U.S. regional banks "still look very problematic."