Banks are anathema to stock-market investors now, but Peter Sorrentino of Huntington Asset Advisors sees that changing, probably around the middle of next year.Really, what should the collective we buy:
So who does Sorrentino like while they're still cheap?Ok:
He's leery of Citigroup.
"I don't know what you're buying with Citi," he said. "I'd rather go with somebody where there's less uncertainty. I like Wells Fargo, I like US Bancorp, I think those are much stronger balance sheets."
He's bullish on JPMorgan Chase "That's almost becoming an asset play in and of itself," he noted.Any surprises in the deck:
Sorrentino owns shares of Wells Fargo and JPMorgan Chase.You don't say.... I am guessing US Bancorp is the spread in this baloney sandwich.