Regional bank stock plunge creating 'excellent plays' for investors, top analyst says (via CNBCFastMoney)
as a top sector pick, saying the company has a competitive advantage among regional banks after selling a portion of its insurance unit. Truist stock has dropped 30% over the past five sessions.
"That's going to help them pass the stress test in June, so that company certainly is not only a survivor, but a thriver," he said."Eventually, the storm will calm and the seas will part such that banks can go back to trading at book value and higher as we go forward," Marinac said.
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