“We’re getting positive numbers all over the place and banks are incredibly levered,” Schutz told CNBC.
“Spreads are going to be better and volume is going to pick up as the economy moves.”
Schutz said the financials are “very cheap” and added that capital will return, more buybacks will happen and dividends will be increased.
Counterpoint — Stay Away From Financials:
Meanwhile, Carson remains skeptical on the sector.
“We don’t know what the assets are worth on the balance sheets,” he explained. “There’s no motivation for banks to move these toxic assets off the balance sheets because they’re better off holding them—so there’s very little visibility, and I think it’s just an area that you need to stay away from.”
Scorecard—What They Said:
- Carson's Previous Appearance on CNBC (Nov. 8, 2010)
- Schutz's Previous Appearance on CNBC (Nov. 17, 2010)
More Market Analysis & Opinion:
CNBC Data Pages:
Track the Top Banks:
Bank of America
No immediate information was available for Carson or Schutz.