Uncertainties Will Weigh on Financials in the Near Term

But buying opportunities could present themselves in the coming quarters.

Jul 1, 2011

Mentioned: Commerzbank AG (CBK) , Dexia SA (DEXB) , Banco Santander (Brasil) SA (BSBR) , Allstate Corp (ALL) , WR Berkley Corp (WRB) , HCC Insurance Holdings Inc (HCC) , Bank of America Corp (BAC) , Citigroup Inc (C) , BlackRock Inc (BLK) , Wells Fargo & Co (WFC)

Macroeconomic and regulatory uncertainties could result in lower valuations and buying opportunities in the coming quarters.
Troubles in Europe will have little direct effect on U.S. banks, but the opposite may be true for highly leveraged European institutions.
The insurance pricing cycle could be turning, but the market is not unaware of this fact.

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Jim Sinegal has a position in the following securities mentioned above: BLK. Find out about Morningstar’s editorial policies.

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