‘These are the stocks we’ve got to focus on’: Three market analysts cheer big bank earnings and flag their top picks
- Date: 15-Apr-2021
- Source: CNBC
- Sector:Financial Markets
- Country:Middle East
‘These are the stocks we’ve got to focus on’: Three market analysts cheer big bank earnings and flag their top picks
Big banks have had a blowout start to earnings season.
The group's stronger-than-expected reports have "astonished" longtime Wall Street professionals such as CNBC's Jim Cramer.
Here's what he and two other market analysts said investors should be watching:
Cramer, the host of "Mad Money," highlighted one name in particular:
"What I am astonished by are these bank earnings. They are at another plane. And if we do get what everyone thinks we're going to get, which is that [Federal Reserve Chairman] Jay Powell is going to be forced to give us a rate hike, the leverage of these companies “” I've got to tell you, none of these companies is expensive. Not one of them. And JPMorgan, ... what a buy. I mean, come on. They did an amazing quarter. And I just think that these are the stocks we've got to focus on. You can put Coinbase up in there. I don't mind. Cathie Wood says it's OK."
Tiffany McGhee, CEO and chief investment officer of Pivotal Advisors, also had her eye on JPMorgan:
"There's a difference between these banks. And especially when it comes to JPMorgan and Goldman Sachs “” these guys have diversified revenue, consistent dividends. I'm looking at these, and I've actually