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Rating:Are Financials En Vogue Again? Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, March 09, 2011

Are Financials En Vogue Again?

News summary by MFWire's editors

Richard England, lead portfolio manager of Atlanta Capital Management Co. is reportedly bullish on the financials sector.

England tells the Wall Street Journal's Matthias Rieker that bank stocks have gained traction and remain overall cheap, although "valuations aren't quite as cheap as they were a year ago, but still pretty low."

He currently likes J.P. Morgan Chase, & Co. and Wells Fargo as well as SunTrust Bank Inc. and Zions Bancorp. The $1.7 billion Calvert Equity Portfolio has reportedly outperformed its benchmark, the S&P 500, by nearly two percentage points in the past year, returning some 22 percent. 

Edited by: Hung Tran


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