What financial service stocks are good buys at todays prices?
There is no doubt that the financial-services sector has been out of favor for over a year, mostly reflecting the rising interest-rate environment. But for those seeking exposure to the financial sector, I do have a handful of stocks that could be considered core holdings. These include Bank of America, Chase Manhattan, Bank of New York, and PNC Bank. All of them are less interest-rate sensitive than many of their peers. At the moment, they are the only buy recommendations I have in the group. Q: What do you think of Citigroup and Chase Manhattan Bank in the near future? A: I think Citigroup has a good future ahead of it, and I currently have an accumulate rating on it. The merger with Travelers has exceeded expectations, and they have developed a product portfolio that is second to none. They also have very wide geographic exposure and numerous cross-selling capabilities between the merged companies. I have already noted that I like Chase, which also has a very dynamic product mix and
