The case for financials as an investment, continued

Asset quality continues to improve for the banks.

It's No. 1 on the list of reasons why financial stocks could continue to outperform the S&P 500, says Andy Schornack, manager of the Covestor Financial Services model.

Adding to that idea, Patrick O'Hare at Briefing.com recently made the case that the latest round of bank stress tests made the case for financial stocks as long-term investments -- as opposed to just a trade off the market bottom.

You can see my full interview with O'Hare below:

Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.