In the interview below Brown discusses JPMorgan (JPM)'s Jamie Dimon.
According to Brown, Dimon plans to take JPMorgan's capital ratio to the minimum amount required and not a penny more. Any excess capital will be used to buy back stock or pay a dividend.
Brown thinks that the tremendous focus on bank capital adequacy is misplaced. Instead, true bank problems are caused by liquidity issues and that is where regulators should be focusing.
For the upcoming quarter Brown expects pretty good earnings for the banking sector driven by cost management and improving credit.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.