Market Overview

Fast Money Traders Share Their Bank Picks

Share:
Fast Money Traders Share Their Bank Picks
Related C
Technical Alert: Citgroup Reaches $60 Since For First Time Since January 2009
Barron's Picks And Pans: 2017 Picks, Retail Stocks, AT&T And More
The Vetr community has downgraded $C to 2.5-Stars (Vetr)
Related BAC
Technical Alert: Bank Of America Reaches 8 Year high
Fast Money Traders Share Their Picks In The Banking Sector
The Vetr community has upgraded $BAC to 2-Stars. (Vetr)

Dan Nathan said on CNBC's Fast Money that if he had to buy something in the banking sector, he would buy Citigroup Inc (NYSE: C) and Bank of America Corp (NYSE: BAC) and then as a pair trade he would sell Wells Fargo & Co (NYSE: WFC). He thinks the crisis from September isn't over yet.

Brian Kelly wouldn't short the banks, but he would take profits in the sector. He added that he sold Financial Select Sector SPDR Fund (NYSE: XLF) earlier this week, which proved to be a bad decision.

Karen Finerman still has a large position in the banking sector. She doesn't want to sell her position this year, because she expects lower tax rate next year, so she is going to use options to lower her exposure.

Tim Seymour thinks that Financial Select Sector SPDR Fund has more room on the upside.

Posted-In: Brian Kelly Dan Nathan Karen Finerman Tim SeymourCNBC Long Ideas Media Trading Ideas Best of Benzinga

 

Related Articles (BAC + C)

View Comments and Join the Discussion!