3 Bank Plays to Double Your Money


bigbank_250_0Stock buyers have seemingly gone on strike. I suppose that makes sense, given the incessant rambling about the bull market — that it’s a bubble about to pop.

There’s just enough credence in the bear case, too. The horrible winter did indeed damage the economy, plus deepening worries about geopolitical issues in Ukraine and growth in China.

It is also the dead zone for economic data and earnings season. The vacuum makes it is far too easy to push this market lower.

That’s fine by me.

How can anyone can worry about this bull market ending when stocks are only up fractionally so far in 2014 and when economic growth is more likely to be greater than 3%? It is beyond me.

Noted banking analyst Dick Bove expects economic growth will push banking stocks significantly higher from here.

How about 100% higher?

We are now entering the phase of the recovery from 2008 at which banks have repaired balance sheets. The next step for banks is to accelerate lending.

If indeed the economy can deliver 3% or more growth this year and next, bank stocks can double in value.

So, while the headlines fret over a market crash and buyers go out on strike, I would use the opportunity to buy shares in banking companies.

Specifically, here are 3 regional banks that look highly attractive.

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James (Jamie) Dlugosch is a contributing editor to MSN Money, The Street.com, InvestorPlace.com and Traders Reserve. He has a long and distinguished career in the investment industry that includes editorial and publishing stints with the highly rated Rational Investor, The Prudent Speculator and the current Penny Stock Winners. Jamie was a contributing editor to InvestorPlace Media where his content was syndicated to numerous on-line financial sites including MSN Money and AOL Finance. At the turn of the Millennium he was the President and CEO of Al Frank Asset Management where he honed his skills under the tutelage of the well respected guru, Al Frank. With The Rational Investor Jamie adapted Al Frank’s long-term market beating strategy to reduce risk and increase ease of use for subscribers. He was quickly rewarded for his efforts by compiling the second highest total return of all investment newsletters in 2004 according to The Hulbert Financial Digest. His investment approach has produced winning returns in competitions held by MSN Money in their long running Strategy Lab. He also has successfully raised private capital for a variety of private ventures including the purchase of Al Frank Asset Management, an investment now worth many times its original cost. Jamie is frequent guest and contributor to a wide range of financial television, radio and internet broadcasts including CNBC, Market Watch and MSNMoney. Jamie holds a B.A. in Political Science from UCLA and a Masters in Business Administration (MBA) from the University of North Carolina, Chapel Hill. He resides in Minneapolis, MN with his wife Sarah and two daughters, Julia and Ellie.

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