Time to Buy the Banks? And What’s The Fed’s Next Move 3/20/23
CNBC's "Fast Money"
00:00
OA-09 - When Is the Low?
The selloff and the stocks appears to us that it's overdone, even with the expectation that we'll see lower profitability due to increased regulation over the next couple of years. I think you're getting right to the point of valuation because you're absolutely right. Following the financial crisis, the valuations dropped and we had to reset. And then what we saw in 2018, when they reached about 1.6 times book and 2.2 times tangible, those were the levels that we were aspired to up until very recently.
Play episode from 11:19
Transcript
