Meredith Whitney spoke with Maria Bartiromo on the floor of the NYSE this evening.
She predicts big-cap banks will be down some 15%, because investors still aren’t pricing in the risks ahead.
Here are some things that will hit the sector:
- Government taking away the punchbowl.
- The end of the re-equitization cycle (all those fees!)
The one bank she likes: Bank of America (BAC) because it has plenty of assets to sell.
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