Bank Stocks Could “Double or Triple” from Here, Says Doug Kass (XLF, FAS)

Share This Article
June 5, 2009 9:15am ETF BASIC NEWS NYSE:FAS

bull5Even after their huge rally from the March lows, bank stocks represent the “single-greatest opportunity” from the long side, according to Doug Kass, president of Seabreeze Partners.

Bigger is better within the sector: shares of some so-called TARP banks could “double or triple in the next three-to-four years,” Kass predicts, making a notable exception of Citigroup. Kass is long several other TARP banks, including SunTrust, Bank of America, Wells Fargo, PNC and State Street, and says these are “investments” not trades. 


In sum, the banks that have been the biggest beneficiaries of government largess will continue to enjoy the fruits of the bailouts and other policies aimed at their rescue.

Full Story: http://finance.yahoo.com/tech-ticker/article/258950/Bigger-Is-Better%3A-Bank-Stocks-Could-%22Double-or-Triple%22-from-Here%2C-Says-Doug-Kass


9 "BUY THE DIP" Growth Stocks For 2020

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories