And not in the good way, as Morningstar's Eric Jacobson cautions that numerous portfolios in the category have proved to be more volatile and have lower returns than some might think.
TCW's Komal Sri-Kumar and Adam Coppersmith describe their defensive portfolio positions, including short positions on the euro emerging markets, and defensive fixed-income positions.
Morningstar's Jaime Peters checks in on the current health and outlook for Citi, J.P. Morgan, and BofA following release of their second-quarter results.
Regulatory capital requirements, more government oversight, and fee reform will work against banks, says Davis/Selected American manager Ken Feinberg, but there are selective values.
The nation's two largest banks are heading in opposite directions when it comes to customer satisfaction. Overall, banks are narrowing the gap with credit unions.
©2012 Morningstar Advisor. All right reserved.