Lawmakers have agreed upon a deal on financial reform. In an interview with CNBC,
Paul Miller, group head of financial services at FBR Capital, discussed its implications
on the market. He said that currently stocks like Morgan Stanley MS,
JPMorgan JPM and Goldman Sachs GS look very inexpensive.
He said, “I think we can all live with this and continue to think that stocks will continue
to bounce as people get a better understanding of this.” He also likes PNC Financial
PNC, U.S. Bancorp USB and Bank of America BAC
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