Why a Notoriously Outspoken Analyst Just Gave Big Banks Some Love
In this segment from the Motley Fool Money radio show, host Chris Hill, Supernova and Million Dollar Portfolio's Matt Argersinger, Total Income's Ron Gross, and Motley Fool Pro and Options' Jeff Fischer discuss what it means that much-followed analyst Mike Mayo (now employed by Wells Fargo) is asserting that banks have their financial houses in such good order. The empirical evidence from recent stress tests would seem to support the idea that they are now safe. But while a stable banking sector may be good for the economy, it may not be the best place to find profitable stocks.
A full transcript follows the video.
Source: Fool.com
