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Bank stocks are a good place to be if inflation concerns grow: KBW CEO Thomas Michaud

Bank stocks pulled back Wednesday after their recent surge. The KBW Bank Index touched a yearly high Tuesday and is up about 75% over the past 12 months. Thomas Michaud, CEO and president at KBW, joined "Squawk on the Street" to discuss his outlook on the sector.
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Wed, Jun 2 202110:45 AM EDT