Earlier Thursday, Gross told Reuters that he still holds corporate debt of some of the largest banks slammed by the global credit crisis, including Citigroup , because of their long-term value.
Even as bank shares come under severe pressure as the companies slash dividends and undertake dilutive capital-raising, bondholders of the major financial companies expect to benefit tremendously as the increased equity capital and lower dividend payouts improve the companies' credit quality.
Gross said in an interview that he continues to hold the ''high-quality'' debt of banking companies because they represent good long-term value.
Gross said that, in addition to Citigroup, he remains a holder of the debt of Morgan Stanley , Goldman Sachs , Deutsche Bank , and Spain's Banco Santander.
- Reuters contributed to this report.