Bedell Frazier is proud to share our own Michael Frazier featured in the Wall Street Journal’s “Abreast of the Market” report. Mike offers his astute analysis of the state of bank stocks in the current market, and shares his hopes for the future of share price recovery and easement of regulatory pressure. “The handcuffs are coming off,” he affirms, as he predicts the continuation of the US economy expansion and the increase in interest rates.
“We’ve been underexposed to banks for a few years, and it’s really been rate-driven,” said Michael G. Frazier, the president and chief executive of Bedell Frazier Investment Counselling LLC, with $430 million under management. He said low profit margins, low dividends and high legal costs at the big banks have made most of them unattractive.”
As this article reflects, clients and journalists alike can look to Bedell Frazier for sound, accurate and up to the minute financial advice and expertise.
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