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Oakmark's Bill Nygren Says Banks Are Undervalued

September 17, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Value investor Bill Nygren was on CNBC to discuss the financial sector, long-term potential of banks, valuation and the risk of low interest on banks' net interest margins.

-- Thinks banks' long-term potential outweighs the pressure on banks' net interest margins.

-- Much competition for banks has gone away, and that has given the opportunity to increase margins.

-- Banks are not the best of the, lot but valuations make them attractive.

-- Owns JPMorgan (JPM) and Wells Fargo (WFC).

-- Buying AIG (AIG), which is undervalued, unloved.

-- Industrials are also attractive. He likes TE Connectivity (TEL).

-- Thinks overall market is undervalued, relative to other options of returns.


Credit and Source: www.cnbc.com, CNBC

Here is the video. Bill comes in at 2:40 into the video:



Video 2:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.0/5 (6 votes)

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