“From here on in we can start looking at some of the bank stocks (as targets), because investment banks are going to start looking at banks going in the reverse direction. Everybody wants to be a one-stop shop.”
“I think a lot of it had to do with fixed income, foreign exchange and derivatives, ... I think there will be a rebounding in capital markets in the second quarter. I expect them to bounce back with a more healthy investment banking business.”
“We're looking at a pretty favorable environment for bank stocks, and financials in general, over the next three-to-six months. But what I would say is that there's still a little bit of an overhang in terms of the commercial banking sector, due to credit quality concerns. So that's going to weigh heavily on the banks. But we could see growth in some of the other areas. Brokerage continues to be very strong,”
“I think you need to be selective in terms of the commercial banks. We've done a lot of studies in terms of credit quality in trying to figure out which ones really are at risk and which ones aren't. And I think that some of them are overly discounted at this point, like Chase Manhattan, Bank of America and Wells Fargo,”
