This Gabelli financial-fund manager has bucked this year’s brutal banking trend. Here are 3 stocks he likes now.
What do Interactive Brokers Group Inc., American Express Co. and First Citizens BancShares Inc. have in common?
They are all expected to increase their earnings more quickly than the S&P 500 SPX, -0.57% and all trade at much lower valuations, relative to expected earnings.
Macrae Sykes manages the Gabelli Financial Services Opportunities ETF GABF, -0.50%, which has performed well this year compared with its benchmark, the S&P Financials sector, which is tracked by the Financial Select SPDR ETF XLF, -1.02%.