Interested in the banking sector? One stock that Mario Gabelli (Trades, Portfolio) recommends is Bank of New York.
Why does he like this particular company?
First he is piggybacking on the work of activist investor Nelson Peltz which is an activity that has worked for him in the past. Second, he believes that net interest margins will be rising for Bank of New York in 2015.
Gabelli has a couple of additional ideas in the video below:
