Reported about 6 hours ago
In a recent discussion, Gabelli Funds portfolio manager Macrae Sykes highlighted Wells Fargo as a key holding, citing its potential growth after overcoming an asset cap imposed in 2018. He believes the bank holds 'hidden value' as it approaches lifting this cap, positively impacting its stock. Sykes also mentioned Citizens Financial Group's strong position post-acquisition of Silicon Valley and indicated optimism about regional banks benefitting from improved market conditions.
Source: YAHOO