×

CNBC EXCERPTS: CNBC INTERVIEW: MEREDITH WHITNEY, FOUNDER & CEO MEREDITH WHITNEY ADVISORY GROUP, SPEAKS TODAY ON CNBC'S "SQUAWK BOX"

Meredith Whitney
Meredith Whitney

WHEN: TODAY, WEDNESDAY, JANUARY 12TH

WHERE: CNBC'S "SQUAWK BOX"

Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Meredith Whitney, Founder & CEO Meredith Whitney Advisory Group, today on CNBC's "Squawk Box."

All references must be sourced to CNBC.

Whitney on JP Morgan:

I THINK WHAT'S INTERESTING FOR JPMORGAN'S CASE OR LARGER INSTITUTIONS THAT CAN REPAY A DIVIDEND. THEY HAVE A CHOICE, THIS IS OBVIOUSLY A BIASED PERSONAL OPINION, THEY HAVE A CHOICE, THEY CAN MAKE STRATEGIC ACQUISITIONS OUTSIDE THE U.S., AND WOULD BE A BIG DEAL FOR JPMORGAN, I WOULD PREFER TO SEE THEM DO OR THEY CAN RETURN MONEY TO SHAREHOLDERS OR DO A DOMESTIC DEAL, THE SUNTRUST THING I THINK WOULD BE HORRIBLE FOR THEM TO DO.

Whitney on Muni Debt:

FEBRUARY IS A CRITICAL MONTH FOR STATE DATA. BECAUSE THE PUGH INSTITUTE, WHICH COVERS ALL PENSION FUNDS ACROSS THE NATION, THAT DATA COMES OUT. THE DATA IS GOING TO LOOK REALLY BAD.

About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.