Royal Bank of Canada T.RY

Brian Belski

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Generational buying opportunity in Canadian banks right now: 
BMO’s Brian Belski

Brian Belski, chief investment strategist at BMO Capital Markets, tells BNN Bloomberg that Canadian banks are very well-run, but misunderstood in the U.S., and shorting them would be a 'Chicken Little trade'. He notes the near $600-million outflow from financial sector funds in March, and advises buying financials at this time. He foresees massive consolidation and targeted regulation in the small and medium banks in the U.S.

https://www.bnnbloomberg.ca/video/generational-buying-opportunity-in-canadian-banks-right-now-bmo-s-brian-belski~2664505