![]() While Barrow Hanley remains underweight US banks, it has increased its positions in Wells Fargo, US Bank Corp and Northern Trust over the past month. Building a position in Wall Street lenders following the second- and third-largest bank failures in US history may seem like a contrarian play, but Cory Martin argues that those events have potentially created an unmissable opportunity.Īs investors fled US bank stocks in early March following the collapse of Silicon Valley Bank, the chief executive of Perpetual-owned value manager Barrow Hanley started slowly increasing the global equities manager’s exposure to the sector.Ĭory Martin, the CEO of Dallas-based Barrow Hanley. ![]()
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