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Greenwald: Why First Eagle Favors Amex Over Citi

Amex may not offer as much upside potential, but the risk of permanent capital impairment is almost nil, says professor Bruce Greenwald, director of research at First Eagle.

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Ryan Leggio: Hi, I'm Ryan Leggio. I'm a mutual fund analyst at Morningstar. We're here in New York with professor Bruce Greenwald. He's the director of research at First Eagle and a professor at Columbia Business School. Bruce, thanks so much for being with us today.

Bruce Greenwald: It's a pleasure.

Ryan Leggio does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.