The Best Time to Buy Into Banks After the Stress Tests - TheStreet

The Best Time to Buy Into Banks After the Stress Tests

Author:
Publish date:
Video Duration:
0

So we've seen the bank stress tests.

All 18 major banks passed the Federal Reserve's stress test.

But, if you're an investor trying to figure out when to invest in the banks, you may be wondering if now is the right time. 

Jeff Marks, senior portfolio analyst for Action Alerts PLUS, weighed in on how investors should approach this sector following the bank stress tests.

"I would say, look, a lot of these yields are very good...[they're] much more better now. So if you're sort of that income value-oriented investor, this is right up your alley. But at the same time, you know, I think a consistent trade that we've been doing over at Action Alerts PLUS, we've been picking up these names. Anytime they fall below tangible book value because, you know, we believe in their tangible book values. We think they're confirmed by these stress stats. And over time, as long as you buy below that tangible book value, typically you'll end up okay," said Marks.

More from Cramer Today

Full Replay: Breaking Down the Trade Talks, Nike Earnings, Apple, and the Bank Stress Tests

How to Protect Your Portfolio Regardless of a Trade Deal

What Will Jony Ive's Departure Mean for Apple?

Can Nike Just Do It in China, Trade Deal or No Trade Deal?

Q2 Is Over: Here's How You Gear Up for Q3

How Investors Should Play the Presidential Debates