Financial Plays in a Volatile Market

Financial stocks continue to take a beating, but Anton Schutz, portfolio manager of Mendon Capital, sees opportunities in financials with “too much capital.”

His first pick is holding company TFS Financial.

“TFS buys back a tremendous amount of its own stock," Schutz said. "Its got excess capital…so its open for business, lending money…and taking advantage of the disruption out there.”

Schutz also likes Lazard .

"There's going to be a lot of corporate restructuring, as well as more work in financial M&A, so I think Lazard is poised to benefit here without risking its balance sheet."

____________________________ Intelligence:

  • Short-Term Bottom Near: Dr. Doom
  • Cramer: Dow 7,700 a Real Possibility
  • Fast Money: Is the Worst Over?
  • ____________________________


    Disclosure information was not available for Schutz or his company.