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Posts Tagged ‘meredith whitney says banks grossly overvalued’

Meredith Whitney’s Outlook on Banking

Posted by Larry Doyle on November 20th, 2009 7:22 AM |

Meredith Whitney

Meredith Whitney

Having provided an overview from three top rated banking analysts in my commentary, “2010 Outlook for Banking,” I welcome the opportunity to offer the thoughts from the most highly rated banking analyst on Wall Street, Meredith Whitney.

Ms. Whitney has become increasingly bearish on the market. Yesterday, Ms. Whitney added further fuel to the fire and provided further specifics to her aggressive call.  Bloomberg offers, Meredith Whitney Says Bank Stocks are ‘Grossly’ Overvalued,

Meredith Whitney, the analyst who has no “buy” recommendations on U.S. banks, said valuations on lender stocks are too high and what “scares” her most is the government stepping away from buying mortgage-backed securities.

“The banks are still grossly overvalued,” Whitney said today in an interview on Bloomberg Radio. “People are expecting something great to happen in 2010 and I think they are going to be severely disappointed.” (more…)

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